BillEase, a Manila, Philippines-based provider of a digital consumer finance platform, raised a Series C funding.
With the investment, TPG, via The Rise Fund, is leading BillEase’s Series C Equity Round, with existing investor Burda Principal Investment also participating in the round.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Georg Steiger, Huyen Nguyen (COO), Ritche Weekun (Director), and Garret Go (CFO), BillEase provides a consumer finance app that leverages machine learning and AI to build financial products while mixing traditional global best practices in credit underwriting to meet the needs of its customers. It offers personal loans, e-wallet top-ups, prepaid load, gaming credits, bill payment, and a buy now, pay later (BNPL) that offers rates and deals from over 10,000 merchants and over 600,000 QRPh-accepting merchants.
Commenting on the news, George Steiger said: “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.”
FinSMEs
03/09/2024