Philippine fintech firm Maya eyes US IPO worth up to $1b: report

Philippine fintech firm Maya is reportedly weighing a US initial public offering that could raise between US$500 million and US$1 billion, people familiar with the matter told Bloomberg. The potential move would place Maya among a growing number of Southeast Asian companies seeking capital through overseas exchanges.

The company is working with advisers on a potential 2026 listing, sources said, noting that plans remain preliminary and could shift in both scale and schedule.

Maya itself said in a statement: “We do not comment on market speculation. Our focus remains on continuing to scale Maya’s digital financial services ecosystem for consumers and businesses in the Philippines.”

Don't miss: Maya redefines the black card with a bold message of access and inclusion

The digital bank served 5.4 million customers and released 68 billion pesos (US$1.2 billion) in loans in 2024, according to its backer PLDT. Its shareholder base also includes KKR & Co., Tencent Holdings and the World Bank’s private-sector arm, International Finance Corp.

Companies across Southeast Asia are increasingly exploring offshore listings as local bourses trail broader regional gains, Bloomberg reported. While the MSCI Philippines Index has climbed more than 12% over the past year, it has underperformed the MSCI AC Asia Pacific Index.

Among other companies eyeing international markets, Jollibee has said it will list its international business in the US. Meanwhile, local fintech rival GCash has postponed its initial public offering in Manila to the second half of 2026. The Philippine securities regulator said it plans to relax free-float requirements for IPOs in an effort to attract larger companies to the country’s underperforming stock market.

In the third quarter of 2025, Maya recorded its third consecutive profitable quarter, posting 532 million pesos (US$9.2 million) in net income as deposits climbed 59% to 57 billion pesos (US$980 million). The performance brought cumulative profit to 1.6 billion pesos (US$27.5 million), representing a 4 billion pesos (US$68.8 million) turnaround from a year earlier.

Related articles:
Digital bank Maya launches first savings calendar, fronted by Julia Barretto
Jollibee's strategic reboot: US listing plan signals new chapter for global ambitions
Fintech giant Robinhood plots Indonesia debut with dual acquisitions