Netbank has secured Series B funding led by Altara Ventures to expand its licensed banking-as-a-service (BaaS) platform in the Philippines.
The undisclosed round included full participation from existing investors BeeNext, Kaya Founders, January Capital, Oak Drive Ventures, and Boleh Ventures.
Netbank operates an embedded finance platform under a full banking licence, providing accounts, payments, cards, and lending products to fintechs and digital platforms on a white-label basis.
The funding follows a strong year for the company. Netbank reported an 88 percent year-on-year increase in revenue in FY2025.
It also achieved profitability, launched card issuing, expanded its accounts-as-a-service business, and grew its active partner base.
Netbank plans to use the new capital to expand its payment services, including real-time disbursements, collections, and cross-border rails.
The company will also scale its embedded lending products and further build out its account and card capabilities.
Part of the funding will also go towards automation, risk infrastructure, and engineering hires.
“Every fintech and platform in the Philippines eventually hits the same wall: they need a bank that can move as fast as they do. That’s what we’ve built.
This round lets us go deeper—more payment rails, more lending configurations, more ways for our partners to serve their customers without stitching together five different providers. With Altara’s support, we’re accelerating the work that matters most: making financial services invisible, instant, and accessible for every Filipino.”
said Gus Poston, Founder, Netbank.
“A consistent theme across Southeast Asia is the lack of dependable financial infrastructure. Netbank has been steadily addressing that gap—building modular, embeddable and compliant financial services that solve real operational pain points for their partners.
They build with discipline and have a clear understanding of where the market is headed. We are delighted to back their next phase of growth.”
said Dave Ng, General Partner, Altara Ventures.
Watch Gus Poston join banking leaders in our Philippines AI CxO Roundtable “Are Banks Thinking Big Enough About AI?” on Fintech Fireside Asia.
Featured image: Edited by Fintech News Philippines, based on image by Freepik
