- Maya plans a US IPO to raise $500 million to $1 billion as early as this year.
- The digital bank served 5.4 million users and issued 68 billion pesos ($1.2 billion) in loans in 2024.
- Maya offers regulated crypto trading, though revenue from the segment remains undisclosed.
Philippine fintech firm Maya is weighing a US initial public offering that could raise between $500 million and $1 billion. The listing could take place as early as this year, though the size and timing remain under review.
The company is working with advisers and may adjust the plan based on market conditions. Maya said its focus remains on expanding digital financial services in the Philippines.
A US Listing for Maya
A US listing gives Maya access to deeper capital pools and a wider institutional investor base than local markets. Southeast Asian firms are increasingly choosing overseas exchanges as regional markets struggle to attract large technology listings.
The MSCI Philippines Index gained just over 12% in the past year but lagged the MSCI AC Asia Pacific Index, Bloomberg reported. The performance gap has pushed several companies to explore foreign listings.
Maya joins this trend. Philippine fast food operator Jollibee Foods plans to list its international business in the US, while other Southeast Asian companies are considering Hong Kong share sales.
The company’s IPO plan comes as the US market reopens slowly for technology and fintech listings. In 2025, US IPO activity reached a four-year high with 202 deals raising about $44 billion, according to Renaissance Capital. Globally, 1,293 IPOs raised around $171 billion, up 39% year over year, based on EY data.
Business Scale and Financial Data
Maya operates a full-service digital banking platform under a license from the Bangko Sentral ng Pilipinas. Its app offers savings accounts, payments, consumer loans, merchant services, and investment products. Users can also trade cryptocurrencies through a regulated virtual asset service provider framework.
The company’s digital bank served 5.4 million customers in 2024. It disbursed 68 billion pesos, or about $1.2 billion, in loans during the year.
The platform offers savings accounts with interest rates of up to 15% annually. It provides instant loans of up to 250,000 pesos for consumers and up to 2 million pesos for small businesses. Users can also access stocks, mutual funds, and cryptocurrencies such as Bitcoin and Ethereum.
Maya began as PayMaya, a mobile wallet focused on QR payments and transfers. It later expanded into a digital bank using transaction data and AI-based credit scoring to approve loans without traditional collateral.
Around 70% of its customers live outside Metro Manila, where demand for digital banking remains high. The company is backed by telecom firm PLDT, private equity firm KKR, Chinese technology group Tencent, and the World Bank’s International Finance Corporation.
Maya’s platform includes in-app cryptocurrency trading. The company has not disclosed how much revenue or transaction volume comes from this segment.
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