NextPay YC Application
NextPay went through Y Combinator in the Winter 2021 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.
- YC batch
- Winter 2021
- Industry
- FintechBanking and Exchange
- Team size
- 25
- Status
- Active
- Launched
- 2021
Founders
Don PansacolaFounder
Aldrich TanFounder
What NextPay does
NextPay is a digital bank for small businesses and entrepreneurs in The Philippines. They use us to send invoices, collect payments, do payroll, and pay their bills. NextPay is the best alternative to bank accounts for small businesses and entrepreneurs in the Philippines. We help them similarly to how Brex helps companies in the US, but in a way that is more locally nuanced. We manage their finances and remove the steep barriers that Filipino banks and financial institutions typically require; no setup fees, maintaining balances, or ridiculous requirements. View the full context on our Launch Bookface post:
NextPay's YC application, reconstructed
Y Combinator application
NextPay, Winter 2021 batch. The real form questions, answered from public data.
- Founders2
- Company7
- Progress7
- Idea4
- Equity3
- Curious2
- Batch Preference1
Company
NextPay
The digital bank for small businesses in the Philippines.
We built a digital bank focused entirely on Philippine small businesses and entrepreneurs. Our product lets them send invoices, collect payments, run payroll, and pay bills easily, removing the usual barriers fiat banks put on business accounts here. It's like a local version of Brex but fully tailored to how Filipino SMBs operate.
We live in Makati, NCR, Philippines and the company is based here.
Our customers are in the Philippines and being local is crucial. Building here means we understand local banking, regulations, and workflows better than anyone else.
21 more answers in the full application
Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.
Frequently Asked Questions
Is this the real NextPay YC application?
No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from NextPay's public data (launch notes, founder backgrounds, product description). It shows how a company like NextPay would present itself to YC, not the text they submitted.
What YC batch was NextPay in?
NextPay was part of the Y Combinator Winter 2021 batch.
Who founded NextPay?
NextPay was founded by Don Pansacola, Aldrich Tan.
What does NextPay do?
The digital bank for small businesses in the Philippines.
How do I read the full reconstructed application?
Create a free Round Funded account. The full 26-answer version of NextPay's application, and every other YC batch, is in YC Insights.
More YC startups like NextPay
