Netbank

Netbank is a fully regulated Filipino bank, operating on a white-labelled basis to power fintech and financial services companies in the Philippines. The company's slogan "Accelerating Filipino Fintechs" captures its dedication to driving the growth of the fintech sector in the country. With low banking penetration, high digital adoption, and forward-looking regulation, the Philippines presents an attractive market for fintech. As of 2019, the year of its establishment, Netbank has been determined to accelerate the growth of digital financial service providers by offering banking services that are tailored to their needs and can be seamlessly integrated through partnerships. Netbank's services include a full range of banking services for migration to digital, such as booking loans, opening accounts for 'banking as a service' aggregators, managing payments via API, issuing cards, and providing mobile banking apps, all of which are white labelled. This approach allows their partners to maintain control of their clients. The company has already made strides in lending to clients of alternative lenders and providing a complete banking platform for a neobank. Additionally, they are preparing to manage payments for a wide range of fintech, issue cards, and open 'purpose-driven' accounts. The company operates branch operations in its 'home region' of Romblon. Netbank's commitment to facilitating the growth of fintech in the Philippines has attracted the attention of investors. The company recently secured a Series A investment on 22 May 2023, with participation from Beenext Capital, Kaya Founders, and Oak Drive Ventures. These investments stand as a testament to the potential of Netbank's vision and the confidence of these investors in the company's ability to execute its strategies to bolster the fintech ecosystem in the Philippines. For further details, visit www.netbank.ph or reach out to their team to explore how Netbank can be of assistance.