Here's an article to read now and not later. Say hi to BillEase! They help tons of Filipinos buy now and pay later— from shopping on Lazada to airline tickets on Philippine Airlines. Oh, and they just raised an $11M Series B!

Who cashed in? BurdaPrincipal Investments led the round. Centauri, 33 Capital and Tamaz Georgadze (CEO Rasin DS) also joined in.

• In good company. BurdaPrincipal backed Carsome, Ninja Van and Zilingo. Centauri has backed Kredivo (aka, the company that snapped up 50% of Indonesia's BNPL market).

💰 Money matters

In a country where less than 5% of adults have a credit card and most use cash to pay for deliveries, BNPL services are key to driving e-commerce's boom.

• The Philippines is set to be the fastest-growing e-commerce market in ASEAN over the next five years.

🙌🏼 Pushing the (credit) limits

Download the app, select the amount you need, submit some documents, check your email for your credit limit and start spending. (Scoop Fact: you can get up to $777 in BillEase credit!)

• 95% of applicants get approved instantly.
• Spend your credit at its partner merchants, e-wallet top-ups, mobile load, gaming credit, and even personal loans.

Custom. Merchants can choose the repayment (aka, BNPL installment) terms they want to offer. This could be 10–30 days or even monthly installments, depending on the item's price. Plus, merchants can decide if they want these loans to be interest-free or not.

• BillEase already has some of the lowest interest rates in the market at 3.49%.

Accessibility. It's easy for anyone to repay and build credit scores over time. (FYI, you'll need credit to get credit cards, loans, rental apartments and even some jobs.)

• It has over 22,00 repayment channels, including bank and e-wallet transfers and convenience stores like 7-Eleven.
• 80% of its customers don't have credit records, and they can build credit the more they use BillEase.
• Manage your installments with their in-app dashboard, so you'll never miss a payment.

Partner power. Apart from shopping at its 500+ partner merchants, you can use BillEase at companies using payment gateways Xendit, Paymamics, 2C2P, Dragonpay and BUX. (We've gotta say, they've got a wide reach!)

👀 2022 vision

After growing 10x over 2021, BillEase is ready to acquire new customers, double down on product and hire top talent!

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