Philippine consumer finance and buy-now-pay-later platform Billease has doubled its credit facility with Rizal Commercial Banking Corporation (RCBC) to ₱1 billion, one year after the two institutions began their lending relationship with an initial ₱500 million facility.
The expanded partnership now goes beyond term lending to include corporate cash management, savings accounts (CASA), and foreign exchange (FX) services, strengthening the relationship between RCBC and the fast-growing local fintech.
The new facility also features a notable security structure using the Personal Property Security Registry (PPSR), a centralized movable-asset registry established under the Personal Property Security Act. Through the arrangement, Billease’s consumer loan receivables serve as registered collateral, supported by over-collateralization, periodic refreshing of the asset pool, and a defined payment waterfall.
Billease CFO Garret Go said the expanded facility reflects the confidence built through the companies’ track record over the past year, adding that strong funding relationships are based on transparency and performance.
The development follows a strong fiscal year for Billease. On an audited consolidated basis, the company grew its FY2025 revenue by more than 80% to ₱8.7 billion and posted ₱750 million in net profit, marking its third consecutive profitable year.
Its loan portfolio also grew more than 75% to approximately ₱11.3 billion, while total assets reached ₱13.3 billion. The company added more than 150,000 new customers each month and held approximately ₱5.6 billion in total equity against ₱6.7 billion in borrowings as of December 31, 2025.
The expanded RCBC facility supports Billease’s strategy of increasing its reliance on local banking partners, reducing dependence on offshore debt, and improving its overall cost of capital.
RCBC Institutional Banking Group Head Elizabeth Coronel said the partnership reflects the bank’s confidence in Billease’s performance and underwriting quality, while the PPSR-backed structure demonstrates how Philippine banks can support responsible growth among fintech lenders.
