NextPay, a Philippine-based digital financial solutions platform, announced raising $1.6 million in a seed funding round co-anchored by Singapore venture capital firm Golden Gate Ventures and Gentree Fund, the investment vehicle of the Sy Family Office.
Local investors Kickstart Ventures, Foxmont Capital, First Asia Ventures, and angel investor Lisa Gokongwei of JG Summit also backed the seed funding, along with Tribe Capital, Broadhaven Ventures, 1982 Ventures, Saison Capital, Razorpay, Goldwater Capital, and other angel investors.