Billease, one of the Philippines’ leading consumer finance platforms, has secured a ₱1-billion credit facility from Philippine National Bank (PNB), marking the companies’ first financing facility together.

Announced on August 20, 2026, the facility uses the Personal Property Security Registry (PPSR), giving PNB a registered first-rank claim over a pool of Billease’s consumer loan receivables.

The agreement represents a significant milestone for Billease as it continues to strengthen its local funding base. It also reflects growing confidence among major Philippine banks in financing consumer receivables generated by fintech platforms.

AlphaPrimus Advisors served as transaction advisor for the facility.

A Structured and Secured Financing Model

The PPSR is a centralized registry for movable assets established under the Philippines’ Personal Property Security Act (Republic Act No. 11057). Through the structure, PNB holds a secured interest in Billease’s consumer loan receivables.

The facility is designed to provide protection throughout its term through several safeguards. Billease pledges a pool of consumer loans exceeding the amount borrowed, ensuring the collateral remains above the outstanding facility.

The collateral pool is also regularly refreshed. Repaid or delinquent loans are replaced with new receivables, while customer repayments connected to the facility follow a predetermined payment priority, with the PNB facility receiving payment first.

The arrangement gives PNB an efficient way to gain exposure to retail consumer credit while spreading risk across a large number of smaller, short-term loans.

“Billease has demonstrated strong portfolio quality across different market cycles. This track record gave us confidence to establish this relationship at a meaningful scale,” said Roberto Fo. Abastillas, Executive Vice President and Head of Institutional Banking Sector at PNB.

Growth Backed by Strong Financial Performance

The new facility comes as Billease continues to expand from a position of financial strength.

Based on its FY 2025 audited financial statements, Billease increased revenue by more than 80% to ₱8.7 billion and recorded ₱782 million in net profit, marking its third consecutive year of profitability.

Its gross loan book also grew by more than 77% to approximately ₱12.5 billion, while total assets reached ₱13.7 billion. The platform now onboards more than 200,000 new customers and disburses more than ₱5 billion each month.

As of December 31, 2025, Billease reported approximately ₱6.4 billion in total equity against ₱7.1 billion in total borrowings, resulting in a debt-to-equity ratio of roughly 1:1 and leaving room for additional financing.

Building on Customer Trust

Billease’s growing lender base is supported by its focus on customer experience and responsible lending.

An independent behavioral study conducted with Ateneo de Manila University found strong levels of organic customer trust in the brand. Based on 30 in-depth customer interviews, researchers noted positive experiences across areas including the Billease app, customer service, and collections practices.

For Billease, customer trust is important not only in maintaining relationships with consumers but also in building confidence among its banking and funding partners.

“We are deliberately expanding our local funding base here at home, with the country’s leading banks, because that allows us to keep serving more Filipinos with affordable, responsible credit,” said Georg Steiger, co-founder and CEO of Billease.

The PNB facility forms part of Billease’s broader strategy to increasingly fund its expansion through local partners while maintaining relationships with both domestic and international lenders.

The move also follows Billease’s entry into banking through the acquisition of a rural bank, which is expected to expand its product offerings—including potential savings and deposit services—while further strengthening its funding profile and cost of capital.

“The strongest funding relationships are built on transparency and track record, not promises,” said Garret Go, CFO of Billease.