Billease recently mandated Security Bank Capital Investment Corporation to arrange a corporate notes facility of up to PHP 5 billion.
Security Bank Corporation, the parent company, is participating in the financing with PHP 1.5 billion. This facility aims to support Billease’s expansion and its objective of delivering accessible financial services in the Philippines.
The funding aims to help Billease develop digital lending solutions for Filipinos who are underserved by traditional banking. This initiative contributes to the country’s financial inclusion goals.
Georg Steiger, CEO and Co-Founder of Billease, stated this partnership “represents a major step forward for Billease as we work to build a more financially inclusive future”.
Garret Go, Chief Finance Officer of Billease, added to his CEO’s statement, affirming that with this facility, Billease will scale faster, introduce new products, and serve millions more Filipinos who deserve better financial options.
Security Bank Capital will act as the Mandated Lead Arranger, with Security Bank Corporation as the Noteholder. Security Bank Corporation’s Trust and Asset Management Group will serve as Facility Agent, Paying Agent, Registrar, and Security Trustee. This structure highlights the bank’s commitment to Billease.
Virgilio Chua, President and Chief Executive Officer of Security Bank Capital Investment Corporation, noted that “Arranging this facility allows us to empower platforms like Billease in unlocking new opportunities for millions of Filipinos and foster a more inclusive financial system”.
The strategic partnership underscores the shared commitment of Billease and the Security Bank Group to drive innovation in financial technology while addressing the evolving credit needs of the digital consumer segment.
Featured image by BillEase.
