Mitsubishi buys stake in top Philippine fintech platform

seekingalpha10-18

Mitsubishi (OTCPK:MSBHF) will buy a 50% stake in Ayala Corp.’s (OTCPK:AYALY) AC Ventures Holdings for a minimum of P18.4 billion (~$319 million). AC Ventures owns ~13% of Globe Fintech Innovations, (...

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AC Ventures owns ~13% of Globe Fintech Innovations, (...</p>\n\n<a href=\"https://seekingalpha.com/news/4173485-mitsubishi-buys-stake-in-top-philippine-fintech-platform\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4104","symbol_name":"贸易公司与经销商","start_time":0,"source_url":"https://seekingalpha.com/news/4173485-mitsubishi-buys-stake-in-top-philippine-fintech-platform","article_id":"2476479480","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/522587246/image_522587246.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476479480","pubTimestamp":1729237580,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Mitsubishi (OTCPK:MSBHF) will buy a 50% stake in Ayala Corp.’s (OTCPK:AYALY) AC Ventures Holdings for a minimum of P18.4 billion (~$319 million). AC Ventures owns ~13% of Globe Fintech Innovations, (M","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4104":"贸易公司与经销商","MSBHF":"Mitsubishi Corp."},"translate_title":"三菱收购菲律宾顶级金融科技平台股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MSBHF":0.9},"content_text":"Mitsubishi (OTCPK:MSBHF) will buy a 50% stake in Ayala Corp.’s (OTCPK:AYALY) AC Ventures Holdings for a minimum of P18.4 billion (~$319 million). AC Ventures owns ~13% of Globe Fintech Innovations, (Mynt). Mynt has two fintech companies: G-Xchange- the mobile wallet operator of GCash, and Fuse Lending, a tech-based micro-lender.  This acquisition effectively grants Mitsubishi (OTCPK:MSBHF) a 6.5% stake Mynt, the operator of Philippines' biggest fintech platform GCash. The partnership aims to enhance Mynt's growth both domestically and internationally, particularly in areas like cloud-based payments and new credit solutions. 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It’s all about serving better the many Filipinos that depend on GCash and Fuse, and for making a wider variety of financial and other products available to as many Filipinos as possible,” said Cezar Consing, President and CEO of Ayala (OTCPK:AYALY).","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2476479480"}