NextPay Analysis: $2M Raised
What is NextPay?
NextPay offers a digital payment platform enabling businesses to manage employee and supplier payouts, facilitating bulk payments and financial reporting efficiently.
Employees
65
Founded
2019
Revenue
$6.1-6.7M
ZoomInfo
Product Features & Capabilities
- Send Money, Supplier Payments, Batch Payouts, Employee Salaries, Manage Money, Payslips & Reports, Business Directory, Developer APIs, Subscription Plans, Savings Calculator
Pricing
- Basic Plan: PHP 1,500/month (PHP 1,147/month if billed annually)
- Pro Plan: PHP 3,750/month (PHP 2,868/month if billed annually)
- Pro Plus Plan: PHP 7,500/month (PHP 5,737/month if billed annually)
- Payout Fees:
- Basic: PHP 12 per PHP 50k sent
- Pro: PHP 11 per PHP 50k sen
How much NextPay raised
Seed - $1.6 million
Approximately 43 months agoLead Investor: Golden Gate Ventures, Gentree Fund, and others
Who are the founders of NextPay
DP
Don Pansacola
CEO and Co-founder
AT
Aldrich Tan
CXO and Co-founder
Competitors Overview
NextPay operates in the financial technology sector, specifically providing payment solutions for businesses. Its main competitors include:
- Flutterwave: A payment processing platform that has raised significant funding and offers robust solutions for businesses. It is known for its strong ma
Business Model
Revenue from transaction fees and subscription plans for payment processing services.
Market Focus
NextPay primarily focuses on the financial technology (fintech) industry, providing payment solutions for businesses to facilitate transactions without the need for a corporate bank account.
Investors
- Golden Gate Ventures (Singapore-based venture capitalist)
- Gentree Fund
- Tribe Capital
- Broadhaven Ventures
- 1982 Ventures
- Saison Capital
- Razorpay
- Rohit Mulani of GoTrade
- Abhinay Peddisetty and Chinmay Chauhan of BukuWarung
- Goodwater Capital
- Kickstart Ventures (part of the Ayala Gr
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