PETNET
About PETNET
PETNET is a company based in Makati (Philippines), and was acquired by UnionBank in December 2018. Limited information is available on PETNETs core activities. PETNET has raised $20.84 million across 3 funding rounds from investors including UnionBank of the Philippines and CitySavings. PETNET offers products and services including Remittance Services and Bills Payment Services. Its legal entity is PETNET Inc.
- Headquarters Makati, Philippines
- Stage Acquired
- Website petnet.com.ph
- Social LinkedIn Facebook
- Acquired by UnionBank (Dec 2018)
- Legal Name Petnet Inc
- Total Equity Funding$20.84M (USD)
in 3 rounds
- Latest Funding Round$3.75M (USD), Series B
Sep 2017
- InvestorsUnionBank of the Philippines
& 1 more
- Acquired byUnionBank
(Dec 2018)
Products & Services of PETNET
PETNET offers a comprehensive portfolio of products and services, including Remittance Services and Bills Payment Services.
Remittance and money transfer services are provided for domestic and international transactions, facilitating secure financial exchanges
Bills payment, cash-in, cash-out, and ATM withdrawals are offered as part of financial transaction solutions
Funding Insights of PETNET
PETNET has successfully raised a total of $20.84M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $3.75 million completed in September 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $20.84M
- Total Rounds 3
- Last Round Series B — $3.75M
- First Round $1.46M
(Mar 2014)
All 3 funding rounds of PETNET with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2017 | $3.75M | Series B | – | – | – |
| Aug 2016 | $15.63M | Series B | – | – | – |
| Mar 2014 | $1.46M | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in PETNET
PETNET has secured backing from 2 investors. Prominent investors backing the company include UnionBank of the Philippines and CitySavings.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Operates as a commercial bank providing deposits, loans, and payment services to individual customers. | 1965 | citysavings.com.ph | Cebu City, Philippines | |
Commercial Bank | 1968 | unionbankph.com | Manila, Philippines |
Investor details for PETNET
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of PETNET
3 dated milestones of PETNET across 4 years, from founding to its latest funding, stage changes and deals.
- Funding First funding round of $1.5M.
- Funding Latest funding round, Series B, of $3.7M.
- Exit Acquired by UnionBank.
Web traffic of PETNET
The website of PETNET (petnet.com.ph) receives about 4.2K visits a month.
- Monthly visits4.2K
▲ 152.4% vs previous month
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Frequently Asked Questions about PETNET
PETNET is headquartered in Makati, Philippines. It is registered at Makati, National Capital Region, Philippines.
PETNET is a funded company, having raised a total of $20.84M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.46M, raised on Mar 2014.
Limited information is available on PETNETs core activities.
PETNET offers Remittance Services and Bills Payment Services.
PETNET has 2 investors. Key investors include UnionBank of the Philippines, and CitySavings.
PETNET operates through Petnet Inc.
Yes. PETNET was acquired by UnionBank in December 2018.