# NextPay

> NextPay is a Philippine fintech that gives small and medium businesses the money-movement tools banks make hard to reach: batch payouts to any local bank or e-wallet, payroll, digital invoicing, QR Ph collections, and an API for embedded finance - with no corporate bank account, setup fee, or maintaining balance required. Founded by Don Pansacola and Aldrich Tan and backed by Y Combinator (W21), it has processed billions of pesos for thousands of growing Filipino businesses.

- **Founded:** 2020
- **Headquarters:** Pasig, Metro Manila, Philippines
- **Founders:** Don Pansacola (CEO & Co-Founder), Aldrich Tan (CXO & Co-Founder)
- **Team size:** ~33
- **Products:** NextPayout, Collections / Invoicing, NextAPI, Email Money, Bills Payment & MSME tools
- **Notable:** Accepted into Y Combinator's Winter 2021 batch - among a handful of Philippine companies backed by YC., Raised $1.6M seed in July 2021 from Golden Gate Ventures, Foxmont and SM Group., Processed billions of pesos (reported ₱28B+) in payments for SMEs.

## Products & services

- **NextPayout** — Batch disbursements and payroll to any of 90+ Philippine banks and e-wallets, with real-time status tracking and no corporate bank account required.
- **Collections / Invoicing** — Digital invoices with smart reminders, payment tracking, and automated reconciliation across QR Ph and Philippine bank transfers.
- **NextAPI** — Developer API for embedding collections, payouts, and multi-merchant accounts into third-party products.
- **Email Money** — Send and request money via email, lowering the barrier to digital transactions for SMEs.
- **Bills Payment & MSME tools** — Expanding suite including bill payments and financial tools tailored for micro, small and medium enterprises.

## Achievements

- Accepted into Y Combinator's Winter 2021 batch - among a handful of Philippine companies backed by YC.
- Raised $1.6M seed in July 2021 from Golden Gate Ventures, Foxmont and SM Group.
- Processed billions of pesos (reported ₱28B+) in payments for SMEs.
- Serves 3,500+ growing businesses across the Philippines.
- Connected to 90+ Philippine banks and e-wallets.
- Operates as a BSP-registered Operator of Payment System.

## Latest updates

- **2021-03** — NextPay receives $125K pre-seed backing from Y Combinator (W21 batch).
- **2021-07** — Closes $1.6M seed round led by Golden Gate Ventures with Foxmont and SM Group.
- **2022-01** — Announces plans for bills payment, lending, corporate cards and other MSME services.
- **2022-06** — Expands digital payment solutions and introduces Email Money.
- **2023-01** — Shifts focus toward disbursement solutions, winding down standalone payment acceptance.

## Links

- Website: https://nextpay.ph
- LinkedIn: http://www.linkedin.com/company/nextpayph
- Twitter/X: https://twitter.com/nextpayph
- Facebook: https://www.facebook.com/nextpayph

---

Profile page: https://yespress.io/nextpay-yc-w21
Published by YesPress — https://yespress.io
Last updated: 2026-07-30