Philippine FinTech Billease seeks notes facility to expand financial inclusion

May 27, 2025

Billease, a leading digital consumer finance app in the Philippines, has mandated Security Bank Capital Investment Corporation to arrange an up to PHP 5 billion ($90m) maiden corporate notes facility.

Security Bank Capital, the investment banking arm of Security Bank Corporation, is also contributing PHP 1.5bn ($27m) to the facility.

The financing marks a key moment in Billease’s expansion, supporting its ongoing mission to offer inclusive and accessible financial services to underserved communities across the Philippines. The agreement aims to accelerate product development, scale distribution, and extend credit to millions of Filipinos excluded from traditional banking systems.

Billease leverages machine learning and artificial intelligence to build consumer-focused financial products tailored to the unique needs of its user base. The platform provides a wide range of services, including personal loans, prepaid mobile load, e-wallet top-ups, bill payments, gaming credits, and its flagship “buy now, pay later” (BNPL) solution. The BNPL offering is available through more than 10,000 merchant partners and over 600,000 QRPh-accepting outlets across the country.

Billease CEO and co-founder Georg Steiger said, “This partnership with Security Bank Corporation represents a major step forward for Billease as we work to build a more financially inclusive future.”

Billease CFO Garret Go added, “ more financially inclusive future,” said Georg Steiger, CEO and co-founder of Billease. “With this facility, we are poised to scale faster, introduce new products, and serve millions more Filipinos who deserve better financial options.”

Security Bank EVP and wholesale banking segment head John Cary Ong said, “We are proud to support Billease, a pioneer in digital consumer finance, through this milestone financing facility,” said John Cary Ong, EVP and Wholesale Banking Segment Head at Security Bank. “Our support for Billease aligns with our mission to empower businesses and build communities sustainably by advancing financial inclusion in the country. We look forward to leveraging Billease’s digital expertise to augment our BetterBanking services for the mass market segment.”