BillEase, one of the fastest-growing consumer finance apps in the Philippines, announced it has closed up to $20 million in debt facility arranged by Helicap Securities, a Singapore-based financial technology company providing private debt investment opportunities for accredited and institutional investors.
This brings the total raised by the lending platform to $55 million in debt and equity.
Georg Steiger, chief executive officer and co-founder of BillEase, said the new facility will further grow and expand the company’s loan portfolio, “demonstrating the confidence private investors have in our sustained growth trajectory and profitability.”
“Being able to collateralize our loan book allows us to access funding to continue serving our fast-growing, underserved customer base,” Steiger said.
The credit provider is rapidly growing with its first half 2022 volumes up five times compared to the same period last year. It has disbursed more than 3 million loans so far with the majority going to female customers and consumers with no previous credit history.
