- 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.
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
