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Philippines ‘Buy Now Pay Later’ Startup Billease Scores $11M Series B

Philippines ‘Buy Now Pay Later’ Startup Billease Scores $11M Series B

01/19/22, 3:00 AM
Money raised
$11 million
Industry
other
internet services
Round Type
series b
Buy now pay later (BNPL) startups are proliferating around the world and the Philippines is no exception. Today, one of the country’s biggest BNPL providers, BillEase, announced it has raised an $11 million Series B. The round was led by BurdaPrincipal Investments, growth capital arm of Hubert Burda Media. Other participants included Centauri, a joint investment vehicle between MDI Ventures and KB Investment, and Tamaz Georgadze, CEO and co-founder of Raisin DS.

Company Info

Company
Bill Ease
Additional Info
This means shorter checkout times and also enables BillEase to offer lower interest rates, at about 3.49% compared to 7% to 12% for other BNPL loans, Stegier said.