---
title: "Philippine conglomerate Ayala acquires another 8% stake in Mynt"
description: "Philippine conglomerate Ayala Corp has acquired an additional 8% stake in fintech firm Mynt for $393.07 million. Mynt, the parent company of GCash, is a joint venture between Ayala, Alibaba's Ant Grou"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/210513781.md"
published_at: "2024-08-02T00:07:36.000Z"
---

# Philippine conglomerate Ayala acquires another 8% stake in Mynt

> Philippine conglomerate Ayala Corp has acquired an additional 8% stake in fintech firm Mynt for $393.07 million. Mynt, the parent company of GCash, is a joint venture between Ayala, Alibaba's Ant Group, and Globe Telecom. The investments have raised Mynt's valuation to $5 billion.

(Updates with details and background from paragraph 2 onwards)

Aug 2 (Reuters) - Ayala Corp (AC.PS) , one of the Philippines’ largest conglomerates, said on Friday it had acquired an additional 8% stake in startup Globe Fintech Innovations, popularly known as Mynt, for 22.9 billion pesos ($393.07 million).

Mynt, which is a mobile financial services firm and the parent company of fintech app GCash, is a joint venture between Alibaba’s (9988.HK) Ant Group (688688.SS) , Ayala and communications firm Globe Telecom (GLO.PS) .

Mynt received investments from Ayala and Japan’s biggest banking group Mitsubishi UFJ Financial (8306.T) , GCash said in a statement.

The investments from both parties lifted Mynt’s valuation to $5 billion, up from $2 billion as per its last funding round in 2021, according to the fintech app.

As of 2023, Mynt recorded 6.7 billion pesos of net income.

($1 = 58.2600 Philippine pesos)

### Related Stocks

- [89988.HK - BABA-WR](https://longbridge.com/en/quote/89988.HK.md)
- [BABA.US - Alibaba](https://longbridge.com/en/quote/BABA.US.md)
- [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 摩尔线程快速完成对 Qwen3.5 模型全面适配 | 摩尔线程宣布已在旗舰级 AI 训推一体全功能 GPU MTT S5000 上完成对阿里最新大模型 Qwen3.5 的全方位适配。此次支持充分展示了摩尔线程 MUSA 生态的成熟度与完备性，开发者可通过 MUSA C 编程语言及 Triton | [Link](https://longbridge.com/en/news/276153560.md) |
| 市场监管总局约谈阿里巴巴、抖音、百度、腾讯、京东、美团、淘宝闪购等平台企业 | 市场监管总局于 2 月 13 日约谈了阿里巴巴、抖音、百度、腾讯、京东、美团和淘宝闪购等平台企业，要求它们遵守相关法律法规，落实主体责任，规范促销行为，并杜绝 “内卷式” 竞争，以维护公平竞争市场环境，促进平台经济的创新与健康发展。 | [Link](https://longbridge.com/en/news/275975190.md) |
| 谷歌突然发布 Gemini 3.1 Pro：核心推理性能直接翻倍 | 谷歌发布了最新的大模型 Gemini 3.1 Pro，其推理性能较去年发布的 Gemini 3 Pro 翻倍。在 ARC-AGI-2 评测中，Gemini 3.1 Pro 得分 77.1%，显示出强大的推理能力。新模型支持多源数据综合和复杂 | [Link](https://longbridge.com/en/news/276396515.md) |
| 学习英伟达刺激芯片销售，AMD 为 “AI 云” 借款做担保 | AMD 为扩大市场份额祭出金融 “狠招”！为初创公司 Crusoe 的 3 亿美元购芯贷款提供担保，承诺在其无客户时 “兜底” 租用芯片。这一复刻英伟达 “租卡云” 路径的策略虽能短期推高销量，但也令 AMD 在 AI 需求放缓时面临更大的 | [Link](https://longbridge.com/en/news/276401504.md) |
| 沃尔玛四季度财报超预期但盈利指引不及预期，CEO 称 “美国低收入家庭只能勉强维持生计” | 沃尔玛 Q4 营收超预期，新财年盈利指引（每股 2.75-2.85 美元）远低于市场预期的 2.96 美元，显示通胀压力下消费者支出不确定性犹存，拖累股价下跌 1.38%。财报印证 K 型” 分化：高收入家庭驱动增长，低收入群体 “钱包吃紧 | [Link](https://longbridge.com/en/news/276398633.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.