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
Company Stage
Series A
YC Batch
W21
Product Features & Capabilities
- Send Money, Supplier Payments, Batch Payouts, Employee Salaries, Manage Money, Payslips & Reports, Business Directory, Developer APIs, Subscription Plans, Savings Calculator
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
Company 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
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
