ROMBLON, Philippines — Netbank, the Philippines’ leading licensed Banking-as-a-Service (BaaS) platform, has successfully closed a Series B funding round led by Singapore-based Altara Ventures.
The undisclosed round saw full participation from a strong roster of existing investors, including BeeNext, Kaya Founders, January Capital, Oak Drive Ventures, and Boleh Ventures, signaling deep confidence in Netbank’s mission to provide the foundational infrastructure for the country’s digital economy.
Fueling a Profitable Growth Engine
The capital injection follows a landmark year for Netbank. In FY2025, the company reported an 88% year-on-year revenue surge and officially reached profitability. Over the past 12 months, Netbank successfully launched its card-issuing business, scaled its accounts-as-a-service vertical, and significantly expanded its active partner ecosystem.
Netbank plans to utilize the new funding to:
- Enhance Payment Infrastructure: Expanding real-time disbursements, collections, and seamless cross-border payment rails.
- Scale Embedded Lending: Developing more sophisticated credit products for fintech and platform partners.
- Advanced Automation: Investing in risk infrastructure and high-level engineering talent to streamline white-label operations.
Executive Perspectives
Investor Commentary
About Netbank
Netbank is a pioneer in the Philippine “embedded finance” space. Operating under a full banking license, it provides white-labeled accounts, payments, cards, and lending products, allowing fintechs and digital platforms to offer banking services to their users without the regulatory burden of a traditional bank.
