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Amid the coronavirus pandemic, financial technology or fintech has truly boomed in the otherwise cash-heavy Philippine economy. This newfound popularity of digital payments has given rise to numerous platforms that cater to all sorts of market needs.
One particular platform is NextPay, an all-in-one banking solution for micro, small, and medium enterprises. Originally a personal finance tool, NextPay immediately pivoted to pandemic-stricken small businesses when it launched in March 2020.
There is by and large an overall stigma against online banking. During the pandemic, people were kind of forced to look into this, and it helped them realize that this is actually a viable solution.
Aldrich Tan, co-founder of NextPay
Now just over a year old, NextPay has garnered multiple seed funding opportunities thanks to its participation in renowned business accelerator Y-Combinator.
Currently, NextPay is in expansion mode – adding manpower and scouting more businesses that would be interested in its digital solutions. You can find out more on its website.
In this episode, NextPay co-founders Don Pansacola and Aldrich Tan share their vision to empower Filipino small businesses through digital payments.
If you like this episode, you might also enjoy Enabling online business with PayMongo and Shaping future tech leaders with Avion School. And if you haven’t subscribed yet, Inside the Industry has a new episode out every #HustleMonday. – Rappler.com
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