Billease, a Filipino consumer finance and buy now, pay later firm, said on September 10 that Rizal Commercial Banking Corporation (RCBC), one of the country’s largest universal banks, had doubled its credit facility to 1 billion pesos (US$16 million) from 500 million pesos (US$8 million).

The partnership has also expanded to include cash management, savings, and foreign exchange, as Billease seeks more domestic funding.

The facility is secured by registered claims over Billease’s consumer loan receivables through the Personal Property Security Registry, an online registry run by the Land Registration Authority under the Personal Property Security Act.

The registry lets lenders perfect security interests over movable assets, including receivables.

Billease said audited FY2025 revenue rose more than 80% to 8.7 billion pesos (US$139 million).

It also posted a net profit of 750 million pesos (US$12 million), remained profitable for a third straight year, and ended 2025 with a debt-to-equity ratio of about 1x.

The company also secured a series C equity round led by TPG’s The Rise Fund in 2024, indicating that the RCBC credit line adds local bank debt to a funding base that recently included international equity capital.

🔗 Source: Billease

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