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NextPay posts over P1-B transactions in 2021

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Homegrown fintech startup NextPay, which was launched in the middle of the 2020 pandemic, posted more than P1 billion in total transactions in 2021 and expects to continue its growth momentum this year.
“The year 2021 was a banner year for NextPay. From being part of the Y Combinator Progr ....

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NextPay partners w/ Ayannah for O2O remittances

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Homegrown fintech startup NextPay partnered with local online-to-offline (O2O) payments provider Ayannah so users can disburse funds to unbanked recipients, estimated at seven out of ten Filipinos.

The partnership enables small businesses to send money to employees, suppliers, and customer ....

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Home-grown fintech startup gets US$1.6-M seed fund

Singapore-based venture capitalist Golden Gate Ventures and Gentree Fund led the oversubscribed seed financing round.
Golden Gate Ventures has interests in digital leaders Omise, Codapay, BukuWarung, Stripe, and Xendit, while Gentree Fund is a private investment vehicle of the Sy Family, which owns Filipino conglomerate SM Group.
Among other foreign investors that participated in the seed funding round are Tribe Capital, Broadhaven Ventures, 1982 Ventures, Saison Capital, and Razorpay, Rohit Mulani of GoTrade, and Abhinay Peddisetty and Chinmay Chauhan of BukuWarung.
Goodwater Capital, which has invested in Facebook, Spotify, and Twitter, also supported the funding exercise.
Locally, NextPay’s seed funding was backed by Kickstart Ventures of the Ayala Group, Foxmont Capital, and First Asia Ventures, as well as angel investor Lisa Gokongwei of JG Summit. ....

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Powehouse Silicon Valley funder invests in Pinoy fintech

Powehouse Silicon Valley funder invests in Pinoy fintech
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