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Reading: BillEase Secures Series C Funding to Revolutionize Philippine Fintech
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Fintech

BillEase Secures Series C Funding to Revolutionize Philippine Fintech

Rary Maharani
Last updated: September 10, 2024 10:05 pm
Rary Maharani
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2 Min Read
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  • BillEase raises Series C funding led by TPG
  • The startup offers accessible financial services to underserved Filipinos
  • BillEase plans to expand its product offerings and merchant partnerships

Contents
From zero to fintech heroDemocratizing financial accessExpanding horizons

From zero to fintech hero

Philippine fintech startup BillEase has successfully closed its Series C funding round, led by TPG’s The Rise Fund.

This achievement places BillEase among an elite group of Philippine startups to reach this funding milestone, joining the ranks of Kumu, Growsari, and Coins.ph.

Democratizing financial access

BillEase aims to address a critical gap in the Philippine financial landscape, where only 18.8% of the population can borrow from formal institutions.

The company offers a streamlined onboarding process, requiring just one valid ID, proof of billing, and proof of income, approval rates reaching 70% instantly.

Expanding horizons

The fresh capital will fuel BillEase’s growth initiatives and product expansion. Users can already access personal loans, e-wallet top-ups, bill payments, and buy-now-pay-later services through the platform.

BillEase boasts partnerships over 10,000 merchants, including Lazada and Philippine Airlines, QR Ph compatibility enables transactions at 600,000 additional locations.

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