NextPay, a leading financial management platform provider, is now offering a tailored solution for non-profit organizations, enabling them to streamline their outreach, fee collections, and fundraising efforts.
NextPay’s end-to-end digital financial operations platform equips non-profits to efficiently handle challenging tasks such as collecting, managing, and disbursing funds.
“We believe that NextPay is more than just an all-in-one financial tool for growing businesses in the Philippines,” said Don Pansacola, co-founder and CEO of NextPay. “Simplifying fundraising and fund management also allows non-profit organizations to focus on their humanitarian and social projects.”
While NextPay has been serving businesses and micro, small, and medium-sized enterprises (MSMEs) in their financial solutions needs, this strategic move to support non-profits aims to assist them in their digital transformation journey and streamline their fundraising initiatives, including the acceptance of membership fees.
The digitization of payments brings efficiency to accounting and bookkeeping processes, playing a crucial role in maintaining the continuity of day-to-day operations, programs, and initiatives, aside from crisis-related donation drives.
One of the organizations benefiting from NextPay’s core services is the UP Vanguard, closely associated with the University of the Philippines, dedicated to developing individuals with strong character, leadership skills, and a sense of responsibility to their country.
Processing millions in donations and contributions
In recent months, NextPay has processed P21.5 million from over 1,500 transactions for its non-profit clients.
Through NextPay’s automated process, donors and members no longer need to provide screenshots as proof of payment. Upon receiving a donation or collection, both non-profit organizations and donors/members receive SMS and email notifications as proof of payment. The platform also offers a digital ledger to keep track of financial transactions.
In contrast to complex payment systems, NextPay simplifies matters for non-profits by providing a single QR code or payment link to accept donations from various methods, including e-wallets, direct debit, credit cards, or bank transfers. Also, NextPay recently added flexible installment payments and over-the-counter transactions.
Humanitarian organizations can leverage NextPay to pay suppliers, disburse funds directly to beneficiaries in batches, and distribute employee salaries.
“Far more than helping your typical growing business, assisting non-profit organizations is aligned with our goal of supporting the promotion of inclusive growth in the country,” said Aldrich Tan, co-founder and chief experience officer.
NextPay is backed by Silicon Valley-based startup accelerator Y Combinator, Singapore-based VC firm Golden Gate Ventures, the Ayala Group’s Kickstart, and Gentree Fund, the private investment vehicle of the Sy Family of the SM Group conglomerate, and other investors.