Philippine BNPL startup BillEase bags $20m debt facility from Lendable

Philippine BNPL startup BillEase bags $20m debt facility from Lendable

BillEase co-founders Huyen Nguyen, Georg Steiger, and Ritche Weekun.

BillEase, a Philippine-based buy-now, pay-later (BNPL) startup, announced that it has raised a $20-million debt facility from London- and Singapore-based emerging market credit provider Lendable.

The startup, launched in 2017, said it will use the debt facility to further accelerate the growth of its business in the Philippines. In addition to BNPL, BillEase also offers in-app services such as personal loans, e-wallet top-ups, mobile loads, and gaming credits.

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