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Philippines ‘buy now pay later’ startup BillEase scores $11M Series B

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Buy now pay later (BNPL) startups are proliferating around the world and the Philippines is no exception. Today, one of the country’s biggest BNPL providers, BillEase, announced it has raised an $11 million Series B. The round was led by BurdaPrincipal Investments, growth capital arm of Hubert Burda Media. Other participants included Centauri, a joint investment vehicle between MDI Ventures and KB Investment, and Tamaz Georgadze, CEO and co-founder of Raisin DS.
Operated by fintech First Digital Finance Corporation BillEase launched in 2017, with shopping marketplace Lazada as its first merchant partner. It can now be used at more than 500 merchants, including consumer electronics seller Kimstore and Philippine Airlines. Its BNPL is also available through payment gatewa …

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