BillEase expands its loan portfolio by raising $20 million

Start-up Buy Now, Pay Later based in the Philippines BillEase raised $20 million through Helicap titles with the aim of further expanding its loan portfolio.

Helicap Securities, the entity that provided the credit facility, is a Singapore-based fintech that provides private debt investment opportunities to accredited and institutional investors. This latest funding round brings BillEase’s total portfolio to $55 million in debt and equity – funds that could be used to accelerate the platform’s growth and product offerings.

Official BillEase representatives quoted by underscored private investors’ confidence in the company’s growth trajectory and revealed plans to develop new solutions for their fast-growing and underserved customer base.

According to the same source, in January 2022, BillEase successfully raised $11 million through Series B equity with the help of participants such as BurdaPrincipal Investments, MDI Ventures and KB Investment.

Compared to the first half of 2021, BillEase’s trading volume has increased almost fivefold according to company representatives.

Helicap Securities officials highlighted BillEase’s AI-powered credit engine and how it can deliver responsible, consumer-centric financial products and personalized digital experiences. According to the same source, these functionalities will become essential in the context of the growing acceptance of digital payments, which is changing the landscape of consumer loans.

Other BillEase Funding Rounds and Partnerships

In April 2022, BillEase raised a $20 million credit facility from Lendable to expand its business in the country. At the time, company representatives revealed that they had increased the number of their merchant partners from 100 to 700 over the course of a year. These included local and international brands such as Samsung and Philippines Airlines.

Lendable, the credit facility provider, funds technology companies that facilitate consumer and MSME credit, asset finance, payments, remittances and digital marketplaces.

In July 2021, Paynamics partnered with BillEase to introduce a BNPL solution. Paynamics is an online payment service that allows small and large businesses to accept online payments through a single API.

Through this partnership, Paynamics merchants who activate BillEase can allow customers to pay for their purchases in easy installments and pay bi-weekly or monthly over three, six, nine or 12 months with monthly interest rates between 0% and 3.49%.

The joint pay-over-time solution allows any online retailer to offer more flexible payment options at checkout with terms and pricing they can customize to drive conversions.

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