Nextpls

About Nextpls

Nextpls, a Singapore-based financial technology company established in 2017, is focused on building global financial infrastructure. The company's creation was spurred by the personal experiences of its founders, Ken Zheng and Zeng Yi, who found managing properties and finances across different countries to be fraught with excessive fees and unfavorable exchange rates from traditional banks. This led them to develop a global remittance product designed to be fast, convenient, and significantly cheaper than conventional banking services.

The company's flagship product, Panda Remit, has become a prominent digital remittance service in Asia, serving over 2 million customers in more than 130 countries. It has established itself as the leading remittance company for sending funds to China from around the world. Building on this success, Nextpls is expanding its offerings. The company is developing the Panda Platform, a beta service that extends its payment infrastructure to meet the international money transfer needs of banks and global businesses. Furthermore, Nextpls has announced plans for what it describes as the world's first truly global digital wallet, which will allow users to open an account and manage financial transactions from anywhere without location-based restrictions.

Nextpls operates on a model that serves individual consumers with remittance needs and is expanding to serve businesses and banks with its platform services. The company has secured significant financial backing from notable investors, including Sequoia Capital, Lightspeed Venture Partners, and Axiom Asia Private Capital. Its most recent funding round was a $50 million Series C in June 2023.