fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Governments
  • Lists
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

PH wealth management platform Seedbox scores $6m in fresh funding

Team AsiaTechDaily by Team AsiaTechDaily
31 March 2022
in Featured, Wealth Technology
0
Seedbox
2
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Philippine-based wealth management platform Seedbox Technologies announced that it raised $6 million in its latest funding round backed by SBI Ventures and Philippine Equity Partners.

The new funding will support Seedbox’s rapid growth and allow the company to scale its operations with investments in upgrading its technology platform, enhancing its product suite, and expanding its team, according to the announcement.

Seedbox, which claims to provide access to investment products for all Filipinos, was established in 2016 as a joint venture between the ATRAM group, the leading independent asset and wealth management company in the Philippines, and the Indivara group, a leading IT & software company based in Indonesia.

The startup is the country’s first digital investments platform empowering all Filipinos to become investors at a click of a button. Rex Mendoza, founder and CEO of Rampver Financials, the biggest independent mutual fund distributor in the Philippines, is also an investor and director of the firm.

The fundraising follows a strong period of growth for the company, which saw active users reach over 1 million and exceed the number of online stock trading accounts in the country. Through its collaboration with GCash and ATRAM, Seedbox pioneered digital sachet investing, where new investors can invest in funds for as low as PHP50.

Seedbox also was responsible for digitizing the Personal Equity Retirement Account (PERA), the country’s voluntary pension system, which connects investors with administrators and product providers. PERA has seen the number of personal retirement accounts double after a year since the introduction of the Seedbox PERA digital platform.

In a joint statement by the new investors, Yujin Otsuka, Chief Representative of SBI Holdings Inc. Representative Office (Philippines), and Lorenzo Roxas, Managing Director of PEP, said:

“Seedbox has built an impressive ecosystem of product providers and online distribution channels over the years. We are excited to participate in the growth of the market for investment products in the Philippines. Aside from capital, we will be able to provide key insights and technical resources that will help accelerate the growth of Seedbox,” Yujin Otsuka, Chief Representative of SBI Holdings, and Lorenzo Roxas, Managing Director of PEP, said in a joint statement.

Previous Post

HealthTech startup Qure.ai raises $40 million in Series C funding round

Next Post

PH venture investor Kickstart Ventures commits to expand investments globally

Related Posts

edit post
MADCash Secures RM5 Million in Funding to Empower Women Entrepreneurs
Venture Capital

MADCash Secures RM5 Million in Funding to Empower Women Entrepreneurs

October 3, 2023
edit post
CEO Jung Hae-hyun of Newjak
Content & Games

CEO Jung Hae-hyun of Newjak is to promote K-culture in the global market with XR content

September 25, 2023
edit post
View of Pangyo Techno Valley (Image source: Pangyo Techno Valley website)
Events

Gyeonggi Province Economic and Science Promotion Agency Facilitates Global Expansion for Pangyo Startups

September 26, 2023
edit post
Corobot, a disinfecting robot developed by Hills Robotics(Image: Hills Robotics Homepage)
Featured

Korea’s Pangyo Techno Valley: A Pioneering Hub in the Global Robot Industry

September 20, 2023
edit post
Choi Hyun-seok, CEO of F&S Holdings
AR & VR

Fassker CEO on Revolutionizing Fashion through Digital Innovation & Metaverse Technology

September 19, 2023
edit post
Panoramic view of Huons headquarters (Source: Huons YouTube)
Featured

Pangyo Techno Valley, a Cluster of the Korean Beauty Industry, Strengthens Its Global Competitiveness

September 15, 2023
Next Post
edit post
Kickstart Ventures

PH venture investor Kickstart Ventures commits to expand investments globally

Discussion about this post

No Result
View All Result

Popular Posts

  • The Top 5 Dating Apps In Asia – 2023

    85 shares
    Share 34 Tweet 21
  • Japanese EV Startup Terra Motors Raises $28 M in Series C Funding for Infrastructure Expansion

    41 shares
    Share 16 Tweet 10
  • How Rohan Gupta Co-Founder And CEO Of QuillBot Raised $4.25M To Make Writing Painless?

    19 shares
    Share 8 Tweet 5
  • Inshorts CEO Azhar Iqubal: The entrepreneur who got news curated for the Millenials & Gen Z 

    18 shares
    Share 7 Tweet 5
  • How Roland Ros, Founder Of Kumu Raised $6M To Build The #1 Grossing Social App In the Philippines?

    16 shares
    Share 6 Tweet 4
  • Kimberly Yao, CEO And Co-Founder Of CloudEats- A Pioneer Cloud Restaurant Company In SouthEast Asia

    16 shares
    Share 6 Tweet 4
  • Singapore’s VTAC Seals $676 Million Deal to Acquire 17Live Streaming Platform

    16 shares
    Share 6 Tweet 4
  • Top 10 Fintech Startup Investments Powering Southeast Asia in 2023

    15 shares
    Share 6 Tweet 4
  • Yoma Strategic announces plan to acquire Telenor Group’s stake in Wave Money

    13 shares
    Share 5 Tweet 3
  • Indian FinTech startup Jar raises US$32 million in Series A

    11 shares
    Share 4 Tweet 3




  •  Australia
  •  Austria
  •  Bangladesh
  •  Bhutan
  •  Brunei
  •  Bulgaria
  •  Cambodia
  •  Canada
  •  China
  •  Dubai
  •  Europe
  •  Finland
  •  France
  •  Germany
  •  Greater China
  •  Hong Kong
  •  India
  •  Indonesia
  •  Ireland
  •  Israel
  •  Japan
  •  Laos
  •  Lithuania
  •  Malaysia
  •  Mexico
  •  Mongolia
  •  Myanmar
  •  Nepal
  •  Netherlands
  •  New Zealand
  •  Norway
  •  Pakistan
  •  Philippines
  •  Poland
  •  Puerto Rico
  •  Qatar
  •  Russia
  •  Signapore
  •  Singapore
  •  South Korea
  •  Sweden
  •  Switzerland
  •  Taiwan
  •  Thailand
  •  Turkey
  •  Ukraine
  •  United
  •  United Kingdom
  •  United States
  •  Uzbekistan
  •  Vietnam

Topics

  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • Gadgets & Electronics
  • Health & Bio

  • Ecosystem
  • EdTech
  • Featured
  • FinTech
  • Investments
  • IoT
  • Marketplaces & E-commerce
  • Robotics
  • Transportation & Logistics

FREE NEWSLETTER

Follow Us

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Governments
  • Lists
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback