Philippines gets first crowdfunding platform

Investree, founded in 2015 in Indonesia, plans an expansion across Southeast Asia

The Philippines is getting its first crowd funding platform after the country’s Securities and Exchange Commission has eventually approved the operation of a new lending portal.

The platform will operate as Investree Philippines, a 50:50 joint venture between Filinvest Development Corp, a diversified conglomerate with various interests, including finance, and Investree Singapore, a branch of Indonesia-founded peer-to-peer lending marketplace Investree.

The company aims to connect startups and small and medium enterprises (SMEs), as well as micro companies, with institutional investors to boost their capital growth, Filinvest said in a statement.

“We believe that Investree is a good channel for SMEs to tap in their drive towards reestablishing and growing their businesses and contributing to the country’s economic recovery and growth,” Josephine Gotianun-Yap, Filinvest’s president and CEO, said.

Expansion across Southeast Asia

Investree started operating this crowdfunding model in Indonesia in 2015 and then expanded to Thailand and now the Philippines.

The country has been rallying with its efforts to support SMEs and micro companies as they comprise 99.5 per cent of businesses in the Philippines, employing 62 per cent of total workers and adding 36 per cent to the country’s gross domestic product.

As of recently, Investree has bagged venture capital investments from Japan’s Mitsubishi UFG Financial Group, as well as from Indonesia’s BRI Ventures.



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Investree, founded in 2015 in Indonesia, plans an expansion across Southeast Asia The Philippines is getting its first crowd funding platform after the country’s Securities and Exchange Commission has eventually approved the operation of a new lending portal. The platform will operate as Investree Philippines, a 50:50 joint venture between Filinvest Development Corp, a diversified conglomerate with various interests, including finance, and Investree Singapore, a branch of Indonesia-founded peer-to-peer lending marketplace Investree. The company aims to connect startups and small and medium enterprises (SMEs), as well as micro companies, with institutional investors to boost their capital growth, Filinvest said in...

Investree, founded in 2015 in Indonesia, plans an expansion across Southeast Asia

The Philippines is getting its first crowd funding platform after the country’s Securities and Exchange Commission has eventually approved the operation of a new lending portal.

The platform will operate as Investree Philippines, a 50:50 joint venture between Filinvest Development Corp, a diversified conglomerate with various interests, including finance, and Investree Singapore, a branch of Indonesia-founded peer-to-peer lending marketplace Investree.

The company aims to connect startups and small and medium enterprises (SMEs), as well as micro companies, with institutional investors to boost their capital growth, Filinvest said in a statement.

“We believe that Investree is a good channel for SMEs to tap in their drive towards reestablishing and growing their businesses and contributing to the country’s economic recovery and growth,” Josephine Gotianun-Yap, Filinvest’s president and CEO, said.

Expansion across Southeast Asia

Investree started operating this crowdfunding model in Indonesia in 2015 and then expanded to Thailand and now the Philippines.

The country has been rallying with its efforts to support SMEs and micro companies as they comprise 99.5 per cent of businesses in the Philippines, employing 62 per cent of total workers and adding 36 per cent to the country’s gross domestic product.

As of recently, Investree has bagged venture capital investments from Japan’s Mitsubishi UFG Financial Group, as well as from Indonesia’s BRI Ventures.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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