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Philippines ‘Buy Now Pay Later’ Startup Billease Scores $11M Series B
PRIVATEJan 19, 2022•over 4 years ago
Amount Raised
$11 Million
Round Type
Series B
OtherInternet Services
Description
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.
Funding Insights
Based on industry dataTimeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech