Photo credit: BillEase

BillEase, a Philippines-based buy now, pay later player, said it doubled its revenue in 2023 to US$57 million compared to the year before.

It also stayed profitable with US$7 million in net income for the full year – a relatively steep rise from last August. The company, which was founded by former executives of McKinsey, had said at the time that it was in the black with around US$1.5 million in net profit.

BillEase said it is now gearing up for a series C funding round. Its last financing came two years ago, in a US$11 million series B round led by Burda Principal Investments.