TL;DR
- Fintech Maya is considering a US IPO raising between $500M and $1,000M in 2026, and although it is in talks with advisers, it has not confirmed the process.
- Maya operates as a digital bank licensed by the Bangko Sentral ng Pilipinas. It achieved its first profitable quarter in 2025 and increased its customer base from 5.4M to 8.2M.
- The company’s valuation would exceed $2,000M. KKR is evaluating the sale of its equity stake and rival GCash is preparing a local IPO of $1,000M–$1,500M in 2026.
Philippine fintech Maya is weighing an initial public offering in the United States. The deal could raise between $500 million and $1.0 billion. The current timeline places the listing in 2026. The company does not confirm the process and describes it as market speculation, although it is holding discussions with financial advisers.
The company is seeking access to international liquidity and an institutional investor base outside Southeast Asia. A potential listing would place its shares on a foreign exchange rather than the domestic market.
The business evolved from a payments wallet into a digital bank licensed by the Bangko Sentral ng Pilipinas. The entity recorded its first profitable quarter in the first quarter of 2025, reporting net income of 300 million pesos, equivalent to approximately $5.2 million.
Maya increased its customer base from 5.4 million at the end of 2024 to 8.2 million in the second quarter of 2025. Its loan portfolio reached 92 billion pesos, about $1.6 billion, according to one report, while another source places the figure at 68 billion pesos, around $1.2 billion.
Maya May Need to Review Its Licenses as It Offers Cryptocurrency Trading
Notably, the potential IPO valuation would exceed $2.0 billion. The company’s prior valuation in 2022 stood at $1.4 billion. Its services include cryptocurrency trading. That service could be subject to regulatory review if it pursues a US listing.
Shareholders include PLDT Inc., KKR & Co., Tencent Holdings Ltd., and the International Finance Corp. KKR is evaluating the sale of its equity stake, which exceeds 20%. Investment bank Goldman Sachs has been linked to advisory roles within the company.
Its main domestic competitor is GCash. That company plans its own IPO in the Philippines for between $1.0 billion and $1.5 billion, which has been postponed to the second half of 2026, and it maintains a larger local user base.
Several Southeast Asian technology companies are seeking listings outside their domestic markets to attract international capital and improve financing conditions
