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Ayala-Sy’s digital payment platform hits P3.2 billion in transactions, seeks Series A funding in 2023

Fintech startup NextPay, backed by the Ayalas and the Sys, has processed P3.2 billion in digital transactions since its launch in 2020, recording over 200 percent growth in user transactions in 2022 compared to the previous year.

The company currently serves 3,800 growing businesses on its platform, with over 32,000 employees and 10,000 suppliers.

NextPay is now preparing for a Series A funding round in the second half of 2023, buoyed by its growth momentum and commitment to expanding digital banking solutions.

The company plans to launch new features, such as virtual debit cards, lending and advances, and premium subscription tiers, among others.

Milyonaryo | Latest News