Homegrown financial technology (fintech) player NextPay, a startup backed by the Sy, Gokongwei, and Ayala Groups, has clinched a podium finish in the recent Shell LiveWIRE Top Ten Innovators Awards for the Business Innovation Category. Know more:
Homegrown financial technology player NextPay, a startup backed by the Sy, Gokongwei, and Ayala Groups, has clinched a podium finish in the recent Shell LiveWIRE Top Ten Innovators Awards for the Business Innovation Category.
NextPay is part of the Top Ten Innovators for Business Innovation in this year’s awards, after demonstrating “innovative solutions in their products or services or business model, including leveraging e-commerce and digital marketing to reach new markets.” NextPay provides simpler all-in-one digital financial solutions to businesses, often seen as too small for traditional enterprise banking services. It offers micro, small, and medium enterprises simplified and streamlined tools to help them scale up at a fraction of the cost by automating processes to collect, send, and manage money.
Since it was introduced during the height of the pandemic in 2020, NextPay has processed more than P2.7 billion worth of payments for more than 3,500 growing companies and raised pre-seed funding from YCombinator, an established business accelerator on the global startup stage.
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