Ep 309 - The Hustle Behind BillEase
EPISODE INTRODUCTION
Georg Steiger is the CEO and Co-Founder of BillEase, a fintech company providing consumer loans and “Buy Now, Pay Later” services to the emerging middle class in the Philippines. Georg shares insights into how BillEase manages default risks and fosters customer loyalty, while drawing comparisons between the financial landscape of the Philippines and its neighboring markets. He recounts his career journey, beginning with law studies in Austria, shifting to IT, earning an MBA in the US, and working at McKinsey in retail banking. He narrates BillEase’s evolution from a cash lending service to an ecommerce financing platform, tackling hurdles like automating credit processes. The pandemic accelerated the shift to digital transactions, fueling BillEase’s rapid growth. Georg also discusses the company’s strides post-Series B funding and his growth as a founder, highlighting the value of co-founders, team building and cultivating a strong company culture.
Episode Timeline:
[00:05:00] - The Inception of BillEase
[00:10:00] - Challenges and Successes
[00:15:00] - Georg’s Early Career
[00:20:00] - McKinsey and Retail Banking
[00:25:00] - Early Fintech Challenges
[00:30:00] - Automating and Scaling
[00:35:00] - Impact of the Pandemic
[00:40:00] - Growth and Funding Post-Series B
[00:45:00] - From Zero to Series C Founder
[00:50:00] - Future Potential and Opportunities
"It's much less about I steal your customer, you steal my customer. It's more like let's build this market and expand from where we are today to a size that's much more in line with where we should be." - Georg Steiger
Links:
Georg Steiger (LinkedIn): linkedin.com/in/georgsteiger
BillEase: https://billease.ph/
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