(GMA News) Philippine fintech startup NextPay has received a $125,000 investment from Silicon Valley-based “startup accelerator” Y Combinator.
In a statement, NextPay said the seed funding from Y Combinator will be used to expand its services further and address the growing problem of financially-underserved businesses in the Philippines.
With the investment, NextPay becomes one of the first five Filipino tech start-ups to be backed and selected by global powerhouse Y Combinator, together with Kalibrr in 2013, PayMongo in 2019, Avion School in 2021, and Dashlabs.ai in 2021.
Y Combinator is known as the “launchpad” of many iconic startups such as Airbnb, Dropbox, Stripe, and Twitch, among many others… Read More
