Netbank has closed a Series B funding round led by Altara Ventures, with participation from existing investors including BeeNext, Kaya Founders, January Capital, Oak Drive Ventures, and Boleh Ventures. The company did not disclose the size of the round.
The funding will be used to expand Netbank’s offerings across payments, lending, accounts, and card issuance, while also investing in automation, risk management systems, and engineering capabilities.
Netbank operates as a banking-as-a-service provider, enabling fintech companies and digital platforms to offer regulated financial products through APIs. The company focuses on managing compliance, licensing, and settlement processes, positioning itself as an infrastructure layer for financial services.
The funding comes at a time when fintech investment across Southeast Asia has slowed. Netbank reported 88 per cent year-on-year revenue growth in FY2025 and stated that it is operating profitably, reflecting a shift in investor focus towards sustainable business models.
The Philippines continues to see increased adoption of digital payments, with data from the Bangko Sentral ng Pilipinas indicating that digital transactions accounted for 52.8 per cent of retail volumes in 2023, compared to 20.1 per cent in 2018. This trend is driving demand for embedded finance solutions across sectors.
With a large underserved population and growing demand from MSMEs, Netbank is focusing on addressing infrastructure gaps that limit fintech scalability in the market.
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