PETNET
About PETNET
PETNET is a company based in Makati (Philippines) was acquired by UnionBank in December 2018.. 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.
- Headquarter Makati, Philippines
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Petnet Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20.84 M (USD)
in 3 rounds
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Latest Funding Round
$3.75 M (USD), Series B
Sep 19, 2017
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Investors
UnionBank of the Philippines
& 1 more
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Employee Count
Employee Count
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Acquired by
UnionBank
(Dec 19, 2018)
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Products & Services of PETNET
PETNET offers a comprehensive portfolio of products and services, including Remittance Services and Bills Payment Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 3
- Last Round Series B — $3.7M
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First Round
First Round
(26 Mar 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Series B - PETNET | Valuation |
investors |
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| Aug, 2016 | Amount | Series B - PETNET | Valuation |
investors |
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| Mar, 2014 | Amount | Seed - PETNET | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PETNET
PETNET has secured backing from 2 investors. Prominent investors backing the company include UnionBank of the Philippines and CitySavings. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Operates as a commercial bank providing deposits, loans, and payment services to individual customers.
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Founded Year | Domain | Location | |
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Commercial Bank
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PETNET
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PETNET
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Petnet Comparisons
Competitors of PETNET
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about PETNET
Where is PETNET located?
PETNET is headquartered in Makati, Philippines. It is registered at Makati, National Capital Region, Philippines.
Is PETNET a funded company?
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 26, 2014.
What does PETNET do?
Limited information is available on PETNETs core activities.
What products or services does PETNET offer?
PETNET offers Remittance Services and Bills Payment Services.
Who are PETNET's investors?
PETNET has 2 investors. Key investors include UnionBank of the Philippines, and CitySavings.