Netbank has raised an undisclosed amount in its Series B funding round, led by Singapore-based Altara Ventures. The company believes that the future of fintech in the Philippines will depend more on strong, regulated banking systems rather than just flashy consumer apps.
Netbank did not reveal how much money it raised in this round. However, its existing investors—BeeNext, Kaya Founders, January Capital, Oak Drive Ventures, and Boleh Ventures—also invested again.
This shows that investors still believe in companies building financial infrastructure, even though challenges like regulations, bank integrations, and slow product rollouts continue in the market.
“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.
Founded in 2019 by Gus Poston Netbank (A Rural Bank) Inc. provides banking services in the Philippines. It is the first new bank of its kind in over 250 years and aims to make banking simple and accessible for everyone.
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