GCash has more than doubled its value since the ‘double unicorn’ status that it attained in its last funding round in 2021
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AC, through its wholly-owned subsidiary AC Ventures Holdings, acquired an additional 8% stake in Mynt. Ayala poured in P22.9 billion, pushing the conglomerate’s stake in Mynt to around 13%. The Ayala Group as a whole already holds a substantial stake in GCash through Globe. The telecom giant maintains a 36% ownership stake in thethat it helped create, according to Globe’s 2023 integrated report. Globe has Ayala Corporation as a principal stockholder, with Jaime Augusto Zobel de Ayala as its board chairman.
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