BillEase, the Philippines’ foremost digital consumer financing platform, announced that TPG’s The Rise Fund has signed definitive documents to lead a significant strategic investment. The Rise Fund, TPG’s multi-sector strategy, is leading BillEase’s Series C Equity Round, along with Burda Principal Investment.
In order to address the needs of its consumers, BillEase combines traditional global credit underwriting best practices with machine learning and artificial intelligence to create financial products.
It provides buy-now-pay-later (BNPL) services, bill payment, e-wallet top-ups, prepaid load, gaming credits, personal loans, and promotions from over 10,000 merchants and over 600,000 QRPh-accepting retailers.
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“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 serve the underserved and underbanked better, enabling more Filipinos to improve their living standards,” Georg Steiger, CEO of BillEase, said.
The offshore lending division of Japan’s Saison International, Saison Investment Management, provided BillEase with a US$5 million credit line in April.
BillEase completed a loan facility of up to $20 million from Helicap Securities, a fintech company based in Singapore, in 2022.
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“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,” said Chalothorn (Boat) Vashirakovit, Managing Director at TPG. “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.”
About BillEase
BillEase offers personal loans, e-wallet top-ups, prepaid load, bill payment, gaming credits, and POS financing, which lets customers pay for their purchases online and offline in interest-free or interest-bearing installment plans.
