The Rise Fund, which focuses on impact investing across various sectors, is spearheading BillEase's Series C equity round, the firm said, adding that existing investor Burda Principal Investment is also participating in the funding round.
The partnership with The Rise Fund marks a milestone for the consumer finance platform, with BillEase CEO Georg Steiger saying that the investment would enable the firm to sustain its growth, expand its product offerings, and better serve the underserved and underbanked Filipino population.
"This investment will help us extend our impact to millions more and support our growth as we aim to empower Filipinos to achieve greater financial security," he said.
BillEase — which offers personal loans, e-wallet top-ups, and a buy now, pay later service — has seen nearly 90 percent of its customers report improved financial management. The company aims to expand its reach through the new funding.
TPG managing director Chalothorn Vashirakovit noted that the investment aligns with The Rise Fund’s mission to deliver social impact alongside strong business performance.
TPG senior advisor Jose Isidro Camacho added that BillEase addresses a critical need for greater access to affordable financial products in the Philippines, where only 18.8 percent of people can borrow from formal institutions.
This funding round was advised by China International Capital Corp. Ltd. (CICC), underscoring BillEase’s mission to enhance financial inclusion in one of Southeast Asia's fastest-growing economies.
