PH startup BillEase teams up with BrightChamps for study now, pay later offer

Philippine-based consumer finance startup BillEase announced that it has partnered with digital education company BrightCHAMPS to offer study now, pay later option.

Customers can now use the BillEase app to choose from the world’s first Comprehensive Curriculum for Kids being offered at BrightCHAMPS and pay only 1/3 upfront, then split the payments in 3 months at 0% interest.

For instance, parents or guardians with Grades 1-3 enrollees in Group Learning Accelerator (30 classes) – priced at PHP 12,589 – will only have to pay PHP 4,197 upfront and split the rest in easy installments.

Launched in 2020, BrightCHAMPS has left its mark in over 30 countries, including the US, Canada, UAE, Saudi Arabia, Indonesia, Malaysia, Thailand, Philippines, and many others.

The company bridges the educational gap left by K12 schools through its STEM-accredited courses in coding, artificial intelligence, machine learning, and financial literacy. BrightCHAMPS also takes pride in having unmatched faculty to help unleash the genius in every learner.

“The split-payment convenience offered by BillEase will go a long way in helping parents in the Philippines securing world-class learning services for their kids. Partners like BillEase are invaluable in helping us realize our vision of leveling the playing field for kids around the world by making next-gen skills accessible to them,” said Ravi Bhushan, BrightCHAMPS Founder & CEO.

BillEase is an on-demand consumer credit app that shoppers can use online and offline in paying for day-to-day needs from food and grocery to similarly vital purchases like electronics, furniture, wellness, and now, education.

The startup recently scored an up to $20 million debt facility arranged by Singapore-based finch company Helicap Securities.

Earlier this year, BillEase raised $11 million in a Series B round led by BurdaPrincipal Investments, the growth capital arm of German media and tech company Hubert Burda Media. Centauri – a joint investment vehicle of MDI Ventures and KB Investment, 33 Capital, and Raisin DS CEO Tamaz Georgadze also joined the round.

In March, BillEase also raised $20 million in secured debt from the UK-based Lendable, an emerging market credit provider, to further accelerate the growth of its lending products.