BillEase in Philippines Review

In this BillEase in Philippines review, we will take a look at how it works. This buy now, pay later (BNPL) app splits payments into interest-free and interest-bearing installments, allowing you to pay for your online purchases in affordable instalments over a period of time. This consumer finance company was founded in 2017 and is based in Manila, Philippines. It has since raised $11 million in Series B funding and secured a $20 million debt facility from Lendable.

BillEase is a buy now, pay later (BNPL) and consumer finance app in the Philippines

The Philippines’ unsecured loan market is seriously underserved, which makes it a good place for BNPL companies. The Philippines’ ratio of consumer loans to GDP is only 4.3%, while that of Indonesia is 10%. BillEase, which launched in early 2019, is aiming to fill this gap. The company is also working with local partners to expand its customer base.

With over 700 merchant partners, BillEase has become a one-stop financial services provider. It provides consumers with a credit account and easy-to-understand installment payment plan without excessive interest rates or hidden fees. The company also integrates with the 2C2P alternative payment network, allowing users to use over 250 payment options to pay for their purchases.

It offers affordable installments to pay for online purchases on Lazada

If you’ve been planning to buy something from Lazada but don’t have the funds right away, you don’t have to worry because you can apply for BillEase’s installment plan. This online store allows you to buy an item today and pay it later. You simply fill up an application form and wait for approval. Once approved, you’ll receive vouchers that you can use to pay off the purchase later.

Billease has been known for its simple application process. Once approved, you simply need to provide a valid national ID and a stable source of income. You can use your current bank account or a Billease payment card to make your online purchases. To qualify for the Billease installment plan, you must be at least eighteen years old, have a steady income, and have a government ID. If you don’t have a bank account, you can also use a prepaid card to pay your installments.

Philippine buy-now-pay-later startup BillEase has secured a $20-million debt facility form Lendable, a credit provider focused on emerging markets. The financing will go towards the company’s business expansion in the Philippines, where it currently serves 1.8 million users. The company previously raised $11 million in Series B funding from BurdaPrincipal Investments, MDI Ventures, and KB Investment. The latest funding will go towards onboarding customers and expanding the company’s loan portfolio.