# BillEase

> Source: https://docs.barcoder.ai/docs/wallets/billease
> research date 2026-05-29 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [BillEase — official](https://billease.ph/)

## Overview

**BillEase** is **the Philippines' leading independent BNPL (Buy Now Pay Later) app**, founded **2017** <sup>[1][1], [2][2], [Philippines report](https://docs.barcoder.ai/docs/payments/PH)</sup>. **10+ million users + more active users than Grab in the Philippines** (per BNPL pure-player rankings).

**May 2025 — BillEase secured notes facility with Security Bank Corporation** <sup>[3][3]</sup>:
- **BNPL availability**: 10,000+ merchant partners
- **600,000+ QRPh-accepting outlets** for BillEase scale
- **Capital purpose**: Scale faster + serve millions more Filipinos

**Philippine BNPL market macro (2025)** <sup>[4][4]</sup>:
- **2025 PH BNPL market**: $2.21 billion (+14.6% YoY)
- **2030 projection**: $3.21 billion
- **Key PH BNPL competitors**: BillEase + TendoPay + Cashalo + Akulaku + UnaPay + Plentina + Atome + ShopBack PayLater + Grab PayLater

**BillEase product range**: Personal loans + prepaid mobile load + e-wallet top-ups + bill payments + gaming credits + flagship **"buy now, pay later"** BNPL.

## History

**2017 — BillEase founded** <sup>[1][1]</sup> by **First Digital Finance Corporation** in Manila.

**2018-2024 — Mass PH BNPL adoption** <sup>[1][1]</sup>: 10M+ users.

**2021 — $11M Series B funding** <sup>[2][2]</sup>.

**May 2025 — Notes facility with Security Bank Corporation + 10K+ merchant partners + 600K+ QRPh-accepting outlets** <sup>[3][3]</sup>.

## Ownership & operator

**Operating entity**: **First Digital Finance Corporation / BillEase**.

**Co-founders**: **Georg Steiger (CEO) + Daniel Lannes + Sheila Magbanua + Wanjing Zhang**.

**Major investors**: **BurdaPrincipal Investments + Tencent (historical strategic minority) + Centauri Capital + Tinkoff** + others.

**Regulator**: **SEC (Philippines Securities and Exchange Commission) Financing Company** + **BSP (for payments features)**.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | BillEase mobile app (iOS + Android) |
| **Identifiers** | Phone + email |
| **PH rail** | **[QR Ph](https://docs.barcoder.ai/docs/standards/qr-ph)** (BSP national QR; 600K+ QRPh outlets) |
| **Sub-products** | BNPL (flagship "buy now pay later") + personal loans + prepaid mobile load + e-wallet top-ups + bill payments + gaming credits |
| **Merchant partners**: 10K+ (May 2025) |
| **QRPh outlets accessible**: 600K+ |
| **2025 capital partner**: Security Bank Corporation notes facility |

## Users & growth

**2025 baseline** <sup>[1][1], [3][3]</sup>:
- **Users**: 10+ million
- **More active users than Grab** (per BNPL pure-player rankings in PH)
- **Merchant partners**: 10,000+
- **QRPh-accepting outlets accessible**: 600,000+
- **2025 capital**: Notes facility with Security Bank Corporation
- **2021 Series B**: $11M

## Use cases

PH BNPL "buy now, pay later" at 10K+ merchants + 600K+ QRPh outlets; personal loans; prepaid mobile load + e-wallet top-ups + bill payments + gaming credits; flexible-credit alternative for credit-card-underserved Filipinos.

## Implementations & partners

**Operator**: **First Digital Finance Corporation / BillEase** (Georg Steiger CEO).

**Major investors**: **BurdaPrincipal Investments + Tencent (historical strategic minority) + Centauri Capital + Tinkoff + DST Partners** + others.

**2025 capital partner**: **Security Bank Corporation** (notes facility May 2025).

**Major Philippine BNPL competitors**:
- **TendoPay** (PH BNPL)
- **Cashalo** (Oriente JG Summit-backed PH BNPL)
- **Akulaku** (Indonesia-anchored multi-country BNPL with PH presence)
- **UnaPay** (PH BNPL)
- **Plentina** (PH BNPL + microloans)
- **Atome** (Singapore + SEA BNPL)
- **ShopBack PayLater** (SG/MY/PH BNPL)
- **Grab PayLater** (Grab BNPL within Grab ecosystem)

**Regulator**: **SEC + BSP**.

## Fun facts

- **2017 founding** by Georg Steiger + team (First Digital Finance Corporation).
- **10M+ users** — more active than Grab in PH (per BNPL pure-player rankings).
- **2021 $11M Series B** — backed by BurdaPrincipal + Tencent + Centauri Capital + Tinkoff.
- **May 2025 Security Bank Corporation notes facility** — major debt-capital expansion.
- **10K+ merchant partners + 600K+ QRPh-accepting outlets** for BillEase scale.
- **Tencent (Chinese)** + **Tinkoff (Russian)** — distinctive international investor backing of a PH fintech.
- **2025 PH BNPL market $2.21B (+14.6% YoY)** → projected $3.21B by 2030.

## Comparison

| Feature | BillEase | TendoPay (PH BNPL rival) | Cashalo (PH BNPL rival; Oriente JG Summit) | Akulaku (Indonesia anchored multi-country BNPL) | [Tabby](https://docs.barcoder.ai/docs/wallets/tabby) (UAE analogous BNPL covered Batch 13) |
|---|---|---|---|---|---|
| Operator | **First Digital Finance Corporation / BillEase (Georg Steiger CEO; BurdaPrincipal + Tencent + Centauri Capital + Tinkoff + DST Partners backed)** | TendoPay | Cashalo (Oriente JG Summit-backed) | Akulaku | Tabby |
| Type | **PH leading independent BNPL + personal loans + bill payments + top-ups** | PH BNPL | PH BNPL | Indonesia-anchored multi-country BNPL | UAE-anchored MENA BNPL (15M+ users + $10B+ annual volume) |
| Country | Philippines | Philippines | Philippines | ID + multi-country PH + others | UAE + Saudi + Kuwait |
| Users | **10M+ (more active than Grab in PH per BNPL rankings)** | Major PH | Major PH | Multi-country | 15M+ |
| Distinctive | **10K+ merchant partners + 600K+ QRPh outlets accessible; May 2025 Security Bank Corp notes facility; Tencent + Tinkoff international backing** | PH BNPL rival | JG Summit-affiliated | Multi-country Indonesia heritage | MENA BNPL unicorn |

## Status

**Active, Philippines' leading independent BNPL app** <sup>[1][1], [3][3]</sup>:
- **First Digital Finance Corporation / BillEase** (Georg Steiger CEO) since 2017.
- **10M+ users + more active users than Grab in PH per BNPL pure-player rankings**.
- **10K+ merchant partners + 600K+ QRPh-accepting outlets accessible**.
- **May 2025 Security Bank Corporation notes facility**.
- **SEC + BSP regulated**.

## Sources

[1]: https://billease.ph/ "BillEase — official"
[2]: https://www.dealstreetasia.com/stories/billease-series-b-funding-278042 "BillEase Series B $11M — DealStreetAsia"
[3]: https://fintech.global/2025/05/27/philippine-fintech-billease-seeks-notes-facility-to-expand-financial-inclusion/ "BillEase Security Bank notes facility May 2025 — Fintech Global"
[4]: https://finance.yahoo.com/news/philippines-buy-now-pay-later-142700258.html "PH BNPL market 2025 $2.21B — Yahoo Finance"
[ph-cro]: https://docs.barcoder.ai/docs/payments/PH

- [1] [BillEase — official][1]
- [2] [BillEase Series B $11M — DealStreetAsia][2]
- [3] [BillEase Security Bank notes facility — Fintech Global][3]
- [4] [PH BNPL market 2025 — Yahoo Finance][4]
- <sup>[Philippines report](https://docs.barcoder.ai/docs/payments/PH)</sup> In-corpus: `reports/countries/PH-philippines.md`

## Source

Biography extracted from [billease.md](https://docs.barcoder.ai/source/wallets/billease). See `matrix.md` for standards-support matrix if present.