Netbank Inc.
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Netbank Inc. - overview
Established
2019
Location
Manila, -, Philippines
Primary Industry
Software
About
Based in the Philippines and founded in 2019, Netbank Inc. operates as a software development company that provides financial software for banks. The company was founded by its president, David Dela Paz, and Gus Poston. In April 2026, Netbank Inc.
raised an undisclosed amount of series B funding led by Altara Ventures, with participation from BeeNext, Kaya Founders, January Capital, Oak Drive Ventures, and Boleh Ventures. Netbank provides a banking-as-a-service platform, a cloud-based platform that allows businesses to offer financial services to their customers. The company provides a wide range of services, including Netbank funds loans for alternative lenders; a Netbank API for accessing accounts and payments; payment solutions, including online payments and mobile payments; account management, which offers a range of accounts; Netizen Neobanking, a mobile banking application; and many more. In addition, the firm collaborates with banks and financial institutions to provide white-labeled apps and cards to help banks and financial institutions reach a wider range of customers.
The company will use the April 2026 funding to expand payment services including real-time disbursements, collections, and cross-border rails, scale embedded lending products, build out account and card capabilities, and invest in automation, risk infrastructure, and engineering hires.
Current Investors
BEENEXT, Oak Drive Ventures, Kaya Founders
Primary Industry
Software
Sub Industries
Financial Services, Accounting/Finance Software
Website
www.netbank.ph/
Verticals
Cloud Computing, FinTech, FinTech, Mobile Apps
Company Stage
Series B
Total Amount Raised
Subscriber access only
Netbank Inc. - timeline of key events
Netbank Inc. - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 2,089,258 | 2,247,623 | 2,246,774 | - | - | - |
| % Revenue Growth (YoY) | - | 7.6% | (0.0%) | - | - | - |
| EBITDA (USD) | (517,642) | 58,633 | 116,096 | - | - | - |
| Operating Income (USD) | (606,501) | 12,165 | 48,896 | - | - | - |
| Operating Margin | (29.0%) | 0.5% | 2.2% | - | - | - |
| % EBITDA Margin | (24.8%) | 2.6% | 5.2% | - | - | - |
| NET Income (USD) | (606,501) | 12,165 | 77,324 | - | - | - |
| % Net Margin | (29.0%) | 0.5% | 3.4% | - | - | - |
Netbank Inc. - employee data
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