Billease, one of the Philippines’ leading financial technology companies, has mandated Security Bank Capital Investment Corporation to arrange an up to PHP 5 billion maiden corporate notes facility. Security Bank Corporation, the parent company of Security Bank Capital, is leading the financing with a PHP 1.5 billion participation.
This milestone will help fuel Billease’s expansion strategy and accelerate its mission of delivering accessible, inclusive, and affordable financial services across the Philippine archipelago. The enhanced funding capacity will also enable Billease to develop more innovative digital lending solutions for millions of Filipinos who remain underserved by traditional banking institutions, supporting the country’s broader financial inclusion goals.
“This partnership with Security Bank Corporation represents a major step forward for Billease as we work to build a more financially inclusive future,” said Georg Steiger, CEO and co-founder of Billease. “With this facility, we are poised to scale faster, introduce new products, and serve millions more Filipinos who deserve better financial options,” added Garret Go, Chief Finance Officer of Billease.
The arrangement features Security Bank Capital as the Mandated Lead Arranger, Security Bank Corporation as Noteholder, while Security Bank Corporation’s Trust and Asset Management Group serves as the Facility Agent, Paying Agent, Registrar, and Security Trustee. This comprehensive structure highlights the bank’s deep commitment to Billease’s long-term success since its early days in the fintech landscape.
“We are proud to support Billease, a pioneer in digital consumer finance, through this milestone financing facility,” said John Cary Ong, EVP and Wholesale Banking Segment Head at Security Bank. “Our support for Billease aligns with our mission to empower businesses and build communities sustainably by advancing financial inclusion in the country. We look forward to leveraging Billease’s digital expertise to augment our BetterBanking services for the mass market segment.”
“Security Bank Capital is honored to have acted as Mandated Lead Arranger for Billease’s growth journey,” added Virgilio Chua, President and Chief Executive Officer of Security Bank Capital Investment Corporation. “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 rapidly expanding digital consumer segment.
