BNPL Firm BillEase Raises $20 Million to Bolster Financial Inclusion for Filipinos
BillEase, one of the fastest-growing consumer finance apps in the Philippines, today announced that it has closed an up to USD 20 million debt facility arranged by Helicap Securities, a Singapore-based financial technology company providing private debt investment opportunities for accredited and institutional investors, bringing the total raised by the lending platform to USD 55 million in debt and equity.
“We are delighted to have secured a new facility which will further grow and expand our loan portfolio, demonstrating the confidence private investors have in our sustained growth trajectory and profitability. Being able to collateralize our loan book allows us to access funding to continue serving our fast-growing, underserved customer base,” said Georg Steiger, CEO, and Co-Founder of BillEase.
Zhiwei Tan, Executive Director of Helicap Securities said: “We are excited to support BillEase’s growth with this debt facility. We are impressed by the company’s growth over the past 3 years and its mission to further financial inclusion in the Philippines. The rising acceptance of digital payments is changing the landscape of consumer lending and we are seeing BillEase as one of the few companies that can leverage and scale with the use of their AI-driven credit engine which allows them to offer consumer-centric, responsible financial products and highly personalized digital experience.”
Photo courtesy of ILO Asia-Pacific.
Source: Mindanao Times (link opens in a new window)
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