NextPay - About the company
NextPay is a seed company based in Makati (Philippines), founded in 2019 by Aldrich Tan and Don Pansacola. It operates as an Accounts payable, receivable management, and payment automation solutions for businesses. NextPay has raised $1.72M in funding from Golden Gate Ventures and Gentree. The company has 93 active competitors, including 36 funded and 9 that have exited. Its top competitors include companies like Bill.com, Ramp and NG.CASH.
Company Details
Accounts payable, receivable management, and payment automation solutions for businesses. It enables businesses to make online payments to employees & suppliers, and collect online payments from customers, and more. It facilitates payments via bank transfers, credit/debit cards, wallets, and more. It provides solutions to entrepreneurs, solopreneurs, and other businesses.
- Website
- nextpay.world
- Email ID
- *****@nextpay.world
Key Metrics
Founded Year
2019
Location
Makati, Philippines
Stage
Seed
Total Funding
$1.72M in 2 rounds
Latest Funding Round
Investors
Ranked
29th among 93 active competitors
Employee Count
56 as on Jul 01, 2024
Investment & Acquisitions
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NextPay's funding and investors
NextPay has raised a total funding of $1.72M over 2 rounds. Its first funding round was on Mar 22, 2021. Its latest funding round was a Seed round on Jul 28, 2021 for $*****. 14 investors participated in its latest round. NextPay has 14 institutional investors and 4 angel investors.
Here is the list of recent funding rounds of NextPay:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 28, 2021 | 9382966 | Seed | 4595439 | 5567686 | 4585113 | 5118877 |
Mar 22, 2021 | 6272675 | Seed | 7600344 | 3847716 | 3645835 |
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NextPay's founders and board of directors
Founder? Claim ProfileHere are the details of NextPay's key team members:
- Aldrich Tan: Co-Founder & CXO of NextPay and founder of 1 other company. Contact Info: 1 email address
- Don Pansacola: Co-Founder & CEO of NextPay and founder of 1 other company. Contact Info: 1 email address
View details of NextPay's Founder profiles and Board Members
NextPay's employee count trend
NextPay has 56 employees as of Jul 24. Here is NextPay's employee count trend over the years:
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NextPay's Competitors and alternates
Top competitors of NextPay include Bill.com, Ramp and NG.CASH. Here is the list of Top 10 competitors of NextPay, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Bill.com 2006, Palo Alto (United States), Public | Provider of accounts payable, accounts receivable, and spend management solutions | $326M | 85/100 | |
2nd |  Ramp 2019, New York City (United States), Series E | Provider of a platform for spend management, corporate cards, and payables | $2.44B | 84/100 | |
3rd | Provider of digital accounts, prepaid cards, and payment processing services | $50M | 75/100 | ||
4th | Provider of spend management platform with AI-powered automation and control | $239M | 70/100 | ||
5th |  Cashfree Payments 2015, Bengaluru (India), Series C | Provider of payment gateway and payouts, and identity verification services | $100M | 69/100 | |
6th | Bottomline Technologies 1989, Portsmouth (United States), Acquired | Provider of business payments automation, connectivity, cash management, and fraud solutions | - | 69/100 | |
7th | Token 2015, London (United Kingdom), Series C | Provider of account-to-account payment infrastructure, variable recurring payments, and data solutions | $90.2M | 67/100 | |
8th | Routable 2016, San Francisco (United States), Series B | Provider of accounts payable automation, vendor management, and payment solutions | $47.7M | 67/100 | |
9th | REPAY 2006, Atlanta (United States), Public | Provider of payment processing solutions and vendor payment automation services | - | 66/100 | |
10th |  Modulr Finance 2015, London (United Kingdom), Series C | Provider of platform for businesses to automate and manage payment processes | $200M | 65/100 | |
29th |  NextPay 2019, Makati (Philippines), Seed | Accounts payable, receivable management, and payment automation solutions for businesses | $1.72M | 45/100 |
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NextPay's Investments and acquisitions
NextPay has a total of 1 investment in CNV. NextPay has not made any acquisitions as of now.Reports related to NextPay
Here is the latest report on NextPay's sector:
News related to NextPay
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NextPay launches digital transformation ecosystem Next360.vn for MSMEsVietnam Investment Review•Apr 03, 2021•NextPay
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