BillEase, a digital consumer finance platform in the Philippines, has announced a significant milestone in its growth trajectory.
The company has successfully closed its Series C Equity Round, which was led by TPG’s The Rise Fund. Existing investor Burda Principal Investment also participated, reaffirming their commitment to BillEase’s mission.
BillEase operates at the forefront of the FinTech industry, utilizing cutting-edge technologies such as machine learning and AI to develop financial products that resonate with the local populace. The platform offers a range of services, including personal loans, e-wallet top-ups, prepaid load, gaming credits, bill payment, and a competitive buy now, pay later (BNPL) service that has partnered with over 10,000 merchants and accommodates more than 600,000 QRPh-accepting locations.
The new influx of capital from The Rise Fund will enable BillEase to expand its product offerings further and enhance its capabilities to serve a larger demographic, aiming to foster greater financial security and inclusion among Filipinos.
Georg Steiger, CEO of BillEase, said, “The partnership with TPG marks a pivotal moment for BillEase and is a testament to the strength of our vision and achievements. The Rise Fund has built a global track-record of helping socially impactful companies scale and their investment will empower us to not only sustain our strong growth but also expand our product offerings to better serve the underserved and underbanked, enabling more Filipinos to improve their living standards.
Chalothorn (Boat) Vashirakovit, Managing Director at TPG, said, “”Our investment into BillEase aligns with The Rise Fund’s pursuit to work with companies that aim to deliver social impact alongside business performance and strong returns.
“With our global operations capabilities, deep sector expertise in financial services and thematic focus towards backing innovative businesses that drive greater financial inclusion, we look forward to helping accelerate BillEase’s growth and solidifying their position as the leading digital finance app in the market.”
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