New funding will support the expansion of Netbank's payments, lending, account, and card infrastructure for fintech and platform partners.
Manila, April 2026 – Netbank has secured Series B funding led by Altara Ventures to expand its licensed Banking-as-a-Service (BaaS) platform in the Philippines. The round saw 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 round follows a strong year for the company, which reported an 88 percent year-on-year increase in revenue in FY2025. Netbank also achieved profitability, launched card issuing, expanded its accounts-as-a-service business, and grew its active partner base.
The company plans to use the new capital to expand its payment services — including real-time disbursements, collections, and cross-border rails — and scale its embedded lending products. Netbank will also build out its account and card capabilities, while investing in 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.
Read the original article at Fintech News Philippines.
