BillEase Secures Series C Funding Led by TPG’s The Rise Fund to Accelerate Financial Inclusion in the Philippines

BillEase, a digital consumer finance platform based in Manila, Philippines, has announced the completion of its Series C funding round. TPG’s The Rise Fund, part of TPG’s global impact investing platform, is spearheading this strategic investment for the company. The Rise Fund is leading the round, with existing investor Burda Principal Investments also participating.

BillEase plans to use the new funds to expand its operations and further develop its digital finance platform. 

BillEase is a consumer finance app in the Philippines that utilizes machine learning and AI to create financial products while integrating best practices in credit underwriting. Led by CEO Georg Steiger, COO Huyen Nguyen, Director Ritche Weekun, and CFO Garret Go, the company leverages machine learning and AI to deliver a range of financial products. The platform offers personal loans, e-wallet top-ups, prepaid load, gaming credits, bill payments, and a Buy Now, Pay Later (BNPL) service, featuring competitive rates from over 10,000 merchants and 600,000 QRPh-accepting merchants. For further details, visit BillEase.

Steiger highlighted that The Rise Fund’s investment will enable BillEase to sustain its strong growth and broaden its product offerings, particularly for the underserved and underbanked populations in the Philippines. Nearly 90% of BillEase’s users have reported improved financial management since using the platform. This fuilnding will extend these benefits to millions more Filipinos. 

“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.”

Lito Camacho, Senior Advisor for TPG, noted that there is a significant need for accessible financial products in the Philippines, where only 18.8% of people have access to formal borrowing options. BillEase addresses this gap by providing flexible and affordable payment solutions, thereby meeting the financial needs of a large segment of the population.

Burda Principal Investments, a key Series B investor in BillEase, continues to support the company’s vision and growth. Neil Fong, Managing Director & Head of BPI Asia, stated, “BillEase’s impressive performance and consistent growth reaffirm our commitment to supporting their journey. We believe in their capability to lead the digital finance sector in the Philippines and are proud to back their ongoing success.”

China International Capital Corporation Limited (CICC) served as the exclusive financial advisor for BillEase during the Series C funding round. Jun Jie Chong, Executive Director of CICC Singapore, noted, “The Philippines is among the fastest-growing economies in Southeast Asia, with a young, affluent, and digitally savvy population that remains underserved by traditional financial services. The Rise Fund’s investment reflects BillEase’s mission-driven efforts and solid groundwork.”

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