Endeavor Welcomes Philippine Startup BillEase in its Network of 'High-Impact' Entrepreneurs
BillEase, a consumer finance platform, is getting another boost to its operations as the startup becomes the latest company to join Endeavor Philippines.
Endeavor is a network of “high-impact” entrepreneurs from across the globe. It is a non-profit organization that utilizes the “multiplier effect,” or invests in other entrepreneurs—the ones it deems to have the most potential—through mentorships and sharing and growing their connections.
ALSO READ
US-Based Plug&Play Launches New Accelerator Program for Philippine Startups
Your Guide to the Six Licensed Digital Banks in the Country
Founders Georg Steiger, Huyen Nguyen, and Ritche Weekun of the Philippines' BillEase were chosen to be part of the network during the selection event held from April 24 to 26. The panel included entrepreneurs from various companies, namely Endeavor Colorado board member Valeria Alberola of ZOMALAB; Endeavor member Luca Bovone of Habyt; Steve Kessel of Amazon; Joe De Pinho of Riverwood Capital; Mariah Chase of ELOQUII; and Shailesh Rao of EscapeVelocity.
BillEase is best known for its competitive lending services, which include both on-demand credit and buy now, pay later products. Founded seven years ago in Manila, the company has disbursed more than 500,000 loans to over 230,000 customers monthly as of mid-2022.
With BillEase being the latest addition to the roster, Endeavor Philippines now supports 44 entrepreneurs from 32 companies through its network. The consumer finance app joins the likes of Angkas, Adobo Connection, Bo’s Coffee, Kalibrr, CloudEats, Coins.ph, Kumu, Lay Bare, Tonik, Mineski, Sprout Solutions, and Zark’s Burgers, among many other companies you may have already heard about.
Just recently, BillEase also secured $5 million (or about P288.5 million) in funding from Saison Investment Management Private Limited, run under one of Japan’s largest lending conglomerates. The investment doubled the platform’s current credit facility to $40 million.
