NextPay

The digital bank for small businesses in the Philippines.

Makati, Philippines · Founded 2019 · $1.7M raised

Headquarters
Makati
Employees
51–200
Founded
2019
Business Model
B2B
Total Funding
$1.7M
Last Round
SeedJul 2021
Rounds
4

Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.

About

NextPay is a digital bank for small businesses and entrepreneurs in The Philippines. They use us to send invoices, collect payments, do payroll, and pay their bills. NextPay is the best alternative to bank accounts for small businesses and entrepreneurs in the Philippines. We help them similarly to how Brex helps companies in the US, but in a way that is more locally nuanced. We manage their finances and remove the steep barriers that Filipino banks and financial institutions typically require; no setup fees, maintaining balances, or ridiculous requirements. View the full context on our Launch Bookface post: https://bookface.ycombinator.com/posts/51999

Summary

NextPay is a Banking company based in Makati, Philippines, founded in 2019. It has raised $1.7M in total across 4 rounds, most recently a Seed round in Jul 2021. Investors include Golden Gate Ventures, Gentree Fund and Y Combinator.

Tech & App Stack

6 technologies & apps tracked

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Funding History

SeedSeed RoundJul 2021

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Funding: Venture Round through Seed. Amounts, valuations, and investors where available.

Investors

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