What Bukas does

Bukas Finance Corp., founded in 2019 and headquartered in Makati City, Philippines, operates a cloud-based digital lending platform that provides tuition installment plans to Filipino students enrolled at 80+ partner colleges, universities, and select K-12 schools. The platform, hosted on Google Cloud servers in Singapore, supports end-to-end online loan origination through app.bukas.ph, including account registration, digital identity verification via liveness test and valid ID upload, document processing, automated credit assessment using statistical models, digital loan agreement signing, and direct disbursement to partner schools within 1–2 working days of approval. As of 2025, Bukas has served more than 21,000 students across the Philippines.

The company generates revenue through two primary streams: monthly interest charges of 1.90% to 4.90% on outstanding loan principal, and a one-time service fee of 4.50% to 10% added to the loan amount at origination. Loans are offered in 3-, 6-, 9-, or 12-month tenors with a minimum loan size of PHP 10,000 and up to 100% tuition coverage. The go-to-market combines a self-serve product-led experience with a channel-partner model dependent on school referrals; monthly repayments are collected through 8,000+ payment channels including GCash, Maya, UnionBank, Bayad Center, and DragonPay partner outlets.

Bukas is the Philippine subsidiary of Singapore-based ErudiFi Group, the regional education financing platform operating across Southeast Asia. The product portfolio has evolved from a single tuition installment plan into a suite of offerings including Bukas Flex (profile-based pricing), Bukas All-Year Plans (exclusive PHINMA Education product), Basic Education Financing (K-12 expansion), Short Term Loans, and Multiple Installment Plans for repeat borrowers. The business is regulated by the Securities and Exchange Commission as a duly registered Financing Company (SEC Registration No. CS201691, Certificate of Authority No. 1199).

Name

Bukas

Legal name

Bukas Finance Corp.

Website

https://bukas.ph

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Bukas Finance Corp. is a Philippine SEC-registered digital lending platform that provides tuition installment plans to Filipino students enrolled at 80+ partner colleges, universities, and K-12 schools, operating as the Philippine subsidiary of ErudiFi Group.

Ownership category

akta.pro rank

Product category

Education Financing

NAICS

Other Nondepository Credit Intermediation (52229), Sales Financing (522220)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

In-School Tuition & Fee Financing (Short-term/Bridge) (FSAKAEAG)

akta.pro secondary industries

Payments, Cashiering & Payment Plans (EDALAJAE), Education & Training POS Financing (Bootcamps, Certifications) (FSAKAFAN), Student Billing, Invoicing & Account Statements (EDALAJAC)

Keywords

• Education financing
• Tuition installment plans
• Student loans
• Consumer lending
• Fintech lending

Headquarters

HQ city

Makati

HQ country

Philippines

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income on Student Loans: Bukas generates revenue through monthly interest charges on student loans. Interest rates range from 1.90% to 4.90% per month, varying by school and individual borrower profile evaluation. Interest is charged on the principal loan amount throughout the installment period.
2. One-Time Service Fee: A one-time service fee ranging from 4.50% to 10% is charged on the loan amount. This fee is added to the principal amount and is collected upfront or factored into the total loan repayment. The fee supports ongoing service improvement and operations.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Bukas provides tuition installment plans (student loans) to Filipino students enrolled at partner colleges, universities, and select K-12 schools. Borrowers apply online through app.bukas.ph, undergo automated credit evaluation, and receive direct disbursement of approved loan amounts to their school. Repayment is collected monthly through over 8,000 payment channels nationwide.

Product overview

Bukas is an education financing platform offering multiple student loan products for Filipino students. The core offering is the Bukas Tuition Installment Plan, with the enhanced Bukas Flex product providing flexible pricing and customizable terms. Additional products include Bukas All-Year Plans (exclusive for PHINMA Education), Basic Education Financing (for K-12 students), Short Term Loans (3-9 months), and Multiple Installment Plans for managing simultaneous active loans. Products support 3, 6, 9, or 12-month repayment terms with interest rates from 1.90% to 4.90% per month and one-time service fees from 4.50% to 10%. As of 2025, Bukas has helped over 21,000 students.

Differentiator

Problem solved

Functional benefit

Brands

• Bukas Flex: Flexible tuition installment plan with interest rates ranging from 1.90% to 4.90% per month and one-time service fee from 4.50% to 10%.
• Bukas All-Year Plan

Products and services

• Bukas Tuition Installment Plan Student loan product allowing Filipino students to pay tuition in monthly installments (3, 6, 9, or 12 months) at competitive interest rates with a hassle-free online application process. Covers up to 100% of tuition at partner institutions.
• Bukas Flex Enhanced student loan product featuring flexible pricing with customized interest rates (1.90% to 4.90% per month), one-time service fees (4.50% to 10%), and flexible loan tenors matched to student profiles. Offers greater approval chances through personalized evaluation.
• Bukas All-Year Plans Exclusive tuition installment plans for PHINMA Education students enabling coverage of tuition fees every semester from DP to P1, P2 and P3 examinations. Allows settlement of previous semester balances combined with next semester enrollment.
• Basic Education Financing Student loan product for Basic Education and Senior High School students at select partner schools covering tuition and school fees with same flexible installment options as college products.
• Short Term Loans Accelerated student loan options with 3, 6, or 9-month installment terms available at select partner schools. Opting for shorter terms may result in lower overall interest costs.

Quantifiable outcome

• 21,000+ Filipino students served as of 2025
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability3 records

Feature4 records

Partnerships

47 partnerships are on record, tiered core and minor.

• Far Eastern University (FEU)coreStrategic or Co-development PartnerFar Eastern University (multiple campuses including Manila, Makati, Diliman, Alabang, and FEU-NRMF) is a key partner school. Students from FEU can apply for Bukas tuition installment plans to cover their tuition fees through flexible monthly payment options. FEU is one of the most prominently featured partner schools on the Bukas platform.
• Mapua University (Mapua)coreStrategic or Co-development PartnerMapua University (Makati and Manila campuses), along with Mapúa Malayan Colleges Laguna, Mapúa Malayan Colleges Mindanao, and Mapúa Malayan Digital College, are major partner institutions. Students at these campuses can access Bukas Flex Plans with installment options of 3, 6, 9, or 12 months. Mapua Senior High School students are also eligible.
• Our Lady of Fatima University (OLFU)coreStrategic or Co-development PartnerOur Lady of Fatima University operates multiple campuses (Antipolo, Laguna, Nueva Ecija, Pampanga, Quezon City, Valenzuela) that partner with Bukas. Students across all OLFU campuses can apply for Bukas student loans.
• Ateneo de Manila UniversitycoreStrategic or Co-development PartnerAteneo de Manila University is a partner school offering Bukas tuition installment plans to students. Additionally, Ateneo's Basic Education (Grade School, Junior High School, Senior High School) students are eligible for Bukas student loans, representing an expansion into K-12 education.
• De La Salle UniversitycoreStrategic or Co-development PartnerDe La Salle University (Manila, Dasmariñas, Laguna, and Bonifacio Global City campuses) and De La Salle Medical and Health Sciences Institute partner with Bukas. De La Salle - College of Saint Benilde (Manila and Antipolo) also participates as a partner school.
• PHINMA EducationcoreStrategic or Co-development PartnerPHINMA Education is a flagship strategic partner offering exclusive Bukas All-Year Plans for students at PHINMA Araullo University, PHINMA University of Pangasinan (Dagupan and Urdaneta), PHINMA Saint Jude College (Cavite, Manila, Quezon City), PHINMA Rizal College of Laguna, PHINMA Union College of Laguna, PHINMA Cagayan de Oro College, PHINMA Southwestern University, and PHINMA University of Iloilo. These plans cover tuition from down payment through all exam periods every semester.
• Lyceum of the Philippines UniversitycoreStrategic or Co-development PartnerLyceum of the Philippines University (Manila, Makati, Cavite, and Davao campuses) partners with Bukas to offer tuition installment plans to enrolled students across all LPU campuses.
• University of the VisayascoreStrategic or Co-development PartnerUniversity of the Visayas (Cebu, Compostela, Dalaguete, Danao, Mandaue, Minglanilla, Toledo campuses) is a major partner school. Students can use their Statement of Account or Student Portal screenshot as school assessment forms for Bukas loan applications.
• University of the EastcoreStrategic or Co-development PartnerUniversity of the East (Caloocan and Manila campuses) partners with Bukas, allowing students to apply using Pre-Enrollment Forms, Registration Forms, or Student Portal Ledgers as their school assessment documents.
• Centro Escolar UniversityminorStrategic or Co-development PartnerCentro Escolar University (Makati, Malolos, and Manila campuses) and Centro Escolar Las Pinas are partner institutions. Students can use Screenshot of Student Portal or Certificate of Matriculation as their school assessment form.
• Jose Rizal UniversityminorStrategic or Co-development PartnerJose Rizal University is a partner school where enrolled students can access Bukas tuition installment plans using their Enrollment Permit or Statement of Account.
• Miriam CollegeminorStrategic or Co-development PartnerMiriam College is a partner institution. Students can use Student Portal Outstanding Balance with Surcharge or Registration and Assessment Form as their school assessment documents.
• University of Nueva CaceresminorStrategic or Co-development PartnerUniversity of Nueva Caceres is a partner school. Students can use Certificate of Matriculation or Statement of Account as their school assessment form.
• University of Asia and The PacificminorStrategic or Co-development PartnerUniversity of Asia and The Pacific (UA&P) is a partner school. Accepted school assessment forms include Pre-enlistment Form and Student Portal Dashboard screenshots.
• National Teachers CollegeminorStrategic or Co-development PartnerNational Teachers College is a partner school where students can apply using Student Registration Form or a compiled PDF of student portal screenshots.
• St. Paul University Quezon CityminorStrategic or Co-development PartnerSt. Paul University Quezon City is a partner school. Students can submit Registration and Assessment Slip, Student Portal Account Page, Student Ledger, or Assessment of Fees.
• St. Dominic College of AsiaminorStrategic or Co-development PartnerSt. Dominic College of Asia is a partner school. Students can use Assessment Form or Statement of Account as their school assessment documents.
• Saint Louis University (Philippines)minorStrategic or Co-development PartnerSaint Louis University is a partner school. Students can submit Copy of Student Account, Student Assessment Report, or Student Portal Statement of Account Tab screenshot.
• CIIT College of Arts and TechnologyminorStrategic or Co-development PartnerCIIT College of Arts and Technology is a partner school where students use their Statement of Account as the school assessment form for Bukas loan applications.
• EskwelabsminorStrategic or Co-development PartnerEskwelabs is a partner institution offering tech education programs. Students at Eskwelabs can access Bukas tuition installment plans for their courses.
• Magsaysay Center for Hospitality and Culinary Arts (MIHCA)minorStrategic or Co-development PartnerMIHCA is a partner school offering Bukas tuition installment plans for its hospitality and culinary arts programs.
• Enderun CollegesminorStrategic or Co-development PartnerEnderun Colleges is a partner institution where students can apply for Bukas tuition installment plans.
• Baliuag UniversityminorStrategic or Co-development PartnerBaliuag University is a partner school. Students can use their Student Registration Form as the school assessment document for Bukas applications.
• Cebu Institute of Technology - UniversityminorStrategic or Co-development PartnerCebu Institute of Technology - University (CIT-U) is a partner school. Accepted forms include Statement of Account, Assessment Slip, or Student Ledger.
• SoFA Design InstituteminorStrategic or Co-development PartnerSoFA Design Institute is a partner school. Freshmen can use Registration Form while continuing students can use Subject & Tuition Fee Assessment Form or Statement of Account.
• Technological Institute of the PhilippinesminorStrategic or Co-development PartnerTechnological Institute of the Philippines (TIP) - Manila and Quezon City campuses are partner institutions. Students can use Student Registration Form as their school assessment document.
• De La Salle - College of Saint BenildeminorStrategic or Co-development PartnerDe La Salle - College of Saint Benilde (Manila and Antipolo campuses, including SPaCE) is a partner school. Students can use Enrollment Assessment Form (EAF) or Student Information System Enrollment Record.
• Riverside College Inc.minorStrategic or Co-development PartnerRiverside College Inc. is a partner school. Students can use their Statement of Account as the school assessment form for Bukas loan applications.
• Saint Joseph Institute of TechnologyminorStrategic or Co-development PartnerSaint Joseph Institute of Technology is a partner school. Students can submit Certificate of Enrollment as their school assessment document.
• Emilio Aguinaldo CollegeminorStrategic or Co-development PartnerEmilio Aguinaldo College (Manila and Cavite campuses) is a partner school. Students can use Pre-Registration Form or Student Portal screenshots with Payment Trail.
• Panpacific UniversityminorStrategic or Co-development PartnerPanpacific University is a partner school. Students can use Payment Trail screenshots as their school assessment form.
• Philippine Women's UniversityminorStrategic or Co-development PartnerPhilippine Women's University is a partner school. Students can submit Enrollment Assessment Form, Student Portal Online Enlistment, Payment Center, or Statement of Account.
• Adamson UniversityminorStrategic or Co-development PartnerAdamson University is a partner school. Students can submit Statement of Account, Screenshot of Balance Inquiry, Student Enlistment Form, or Certificate of Enrollment.
• First Gourmet AcademyminorStrategic or Co-development PartnerFirst Gourmet Academy is a partner school offering Bukas tuition installment plans for its culinary arts programs.
• Davao Doctors CollegeminorStrategic or Co-development PartnerDavao Doctors College is a partner school. Students can use Student Portal Screenshot or Assessment Form/Statement of Account.
• La Salle University OzamisminorStrategic or Co-development PartnerLa Salle University Ozamis is a partner school. Students can use Certificate of Registration or Student Portal screenshot as their school assessment form.
• Benilde - School of Professional & Continuing Education (SPaCE)minorStrategic or Co-development PartnerDe La Salle - College of Saint Benilde SPaCE is a partner institution. Students can use SPaCE Enrollment Assessment Form (EAF) as their school assessment document.
• MUD Studio ManilaminorStrategic or Co-development PartnerMUD Studio Manila is a partner school for design and creative programs. Students can use Registration Form, Assessment Form, and Proof of Down Payment Receipt.
• TopRank Review AcademyminorStrategic or Co-development PartnerTopRank Review Academy is a partner school. Students can use Statement of Account/School Assessment Form or Registration Form as their school assessment documents.
• St. Bernadette of Lourdes CollegeminorStrategic or Co-development PartnerSt. Bernadette of Lourdes College is a partner school. Students can use Assessment Form as their school assessment document for Bukas loan applications.
• Misamis UniversityminorStrategic or Co-development PartnerMisamis University (Oroquieta and Ozamiz campuses) is a partner school. Students can submit Certificate of Enrollment and Statement of Account.
• Universidad de DagupanminorStrategic or Co-development PartnerUniversidad de Dagupan is a partner school. Students can use White Form (Front and Back) or Student Portal Student Ledger as their school assessment form.
• Universidad de ZamboangaminorStrategic or Co-development PartnerUniversidad de Zamboanga is a partner school. Students can use Student Portal Statement of Account or Account Page as their school assessment form.
• University of BoholminorStrategic or Co-development PartnerUniversity of Bohol is a partner school. Students can use Certificate of Enrollment and Billing as their school assessment document.
• Philippine College of CriminologyminorStrategic or Co-development PartnerPhilippine College of Criminology (PCCr) is a partner school. Students can submit Online Assessment Form, Exam Reminder, Official Registration Form, or Outstanding Balance Certification.
• IE UniversityminorStrategic or Co-development PartnerIE University is a partner institution offering international education programs accessible to Filipino students through Bukas tuition installment plans.
• Experience AbroadminorStrategic or Co-development PartnerExperience Abroad is a partner institution. Students can use Invoice as their school assessment form for international education programs financed through Bukas.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BillEase: Philippine installment/BNPL platform. Same domestic market, overlapping installment loan model, but serves broader retail/ecommerce rather than exclusively education financing.
• Ascent Funding: US student loan fintech offering outcomes-based underwriting for students without co-signers. Comparable in building credit products specifically for the thin-file student segment.
• MPOWER Financing: Provides loans to international and DACA students based on future earning potential rather than credit history. Closely analogous in underwriting students without traditional credit files.
• Splash Financial: US student loan refinancing and new-loan marketplace. Comparable in being a digital-first student lending platform using school-data and tech-enabled underwriting rather than bank-led models.
• Dana Cita (ErudiFi Indonesia): Indonesian education financing platform owned by the same ErudiFi Group as Bukas. Closest direct peer — same parent, same business model, identical value proposition targeted at students, just in a different SE Asian market.
• Climb Credit: US-based education lender financing bootcamps, certificate, and trade-school tuition with income-share and installment structures. Directly comparable niche lending-to-students model with school partnerships.
• Atome Philippines: BNPL provider active in the Philippines offering 0%–low-interest installment plans at checkout. Comparable installment credit product for Filipino consumers, though primarily retail-anchored.

Broad incumbents

• Prodigy Finance: International student loan provider for graduate students at top global universities. Comparable in lending to international/foreign students via school partnerships and alternative underwriting.
• Cashalo: Philippine digital consumer lending platform (operated by Paloo Finance). Overlaps in serving underbanked Filipino consumers with short-term installment credit, including education needs.
• Home Credit Philippines: Large Philippine consumer finance provider offering installment loans including for education-related purchases. Much broader product portfolio, but directly competes for the same installment-borrowing consumer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/BukasPH
• YouTubeyoutube.com/@bukasph/videos
• Facebookfacebook.com/ph.bukas
• Instagraminstagram.com/ph.bukas

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bukas