Netbank Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
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 March 2025, Netbank Inc.
raised an undisclosed amount of venture funding led by returning investor BEENEXT, with participation from other returning investors Oak Drive Ventures and Kaya Founders. New investors January Capital, Boleh Ventures, and other unspecified investors also participated in the round. 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 March 2025 funding to strengthen partnerships and support its continuous advancement of capabilities.
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 A
Total Amount Raised
Subscriber access only
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% | - | - | - |
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.