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
$1.6M SeedJul 2021
Rounds
4

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 $1.6M Seed round in Jul 2021. Investors include Golden Gate Ventures, Gentree Fund and Y Combinator Continuity Fund.

Tech & App Stack

6 technologies & apps tracked

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Funding History

SeedSeed RoundJul 2021

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Full funding history, per-round amounts, and investor participation.

Investors

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