BillEase, a digital finance platform in the Philippines, has secured a major investment led by private equity firm TPG’s The Rise Fund. This investment is part of BillEase’s Series C funding round and also includes contributions from existing investor Burda Principal Investment.
“The partnership with TPG marks a pivotal moment for BillEase and is a testament to the strength of our vision and achievements,” said Georg Steiger, CEO of BillEase.
He highlighted that The Rise Fund’s global reputation for supporting impactful businesses will help BillEase expand its services and reach more Filipinos. Nearly 90% of BillEase users report better financial management since using the platform. This new investment aims to broaden that impact and support the company’s growth.
“Our investment into BillEase aligns with The Rise Fund’s pursuit to work with companies that aim to deliver social impact alongside business performance and strong returns,” said Chalothorn Vashirakovit, managing director at TPG.
Burda Principal Investments, the Series B lead investor in BillEase, who is also participating in this round, reaffirmed its commitment to the company’s vision and growth trajectory.
“BillEase’s impressive performance and consistent growth reaffirms our commitment to supporting their journey,” said Neil Fong, managing director & Head of BPI Asia. “We believe in their ability to execute and continue leading the digital finance sector in the Philippines, and we’re proud to back their ongoing success.”
China International Capital Corp. Limited (CICC) acted as the exclusive financial advisor to BillEase, providing strategic guidance and support throughout the Series C equity round.