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Reading: BillEase’s BNPL Borrowing Power Balloons to $40M
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FintechSaaS

BillEase’s BNPL Borrowing Power Balloons to $40M

Nicole Kristine Jovero
Last updated: April 29, 2024 2:19 am
Nicole Kristine Jovero
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1 Min Read
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  • BillEase raised $40M credit facility with Saison investment for BNPL expansion.
  • Filipino fintech diversifying into personal loans, gaming credits, e-wallets.
  • Pay-later pivot fueled $57M revenue, $7M profit in 2023.

Contents
Pay later, play everywhereProfits galore from the pay-later craze

Pay later, play everywhere

Philippine buy now, pay later (BNPL) provider BillEase secured a $5 million investment from Saison Investment Management, raining down on its existing $40 million credit facility backed by investors like Helicap.

Once solely focused on BNPL, BillEase now offers personal loans, gaming credits, and e-wallet top-ups, fueling plans to expand its loan portfolio and launch new credit products with the fresh funds.

Profits galore from the pay-later craze

BillEase doubled its revenue to $57 million last year while maintaining $7 million in net income, up from $1.5 million in 2022 – clearly prospering from the pay-later pivot.

Amid its growing financial muscle, BillEase’s foray into gaming credits signals an intriguing new battleground, leveraging the booming gaming market’s microtransaction mania.

To read the original article: https://www.techinasia.com/billeases-credit-facility-hits-40m-with-new-saison-investment

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