{"id":48570,"date":"2022-03-31T08:48:19","date_gmt":"2022-03-31T00:48:19","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=48570"},"modified":"2022-03-31T08:48:22","modified_gmt":"2022-03-31T00:48:22","slug":"seedbox-raises-6-million-from-new-investors-sbi-ventures-and-pep","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2022\/03\/31\/seedbox-raises-6-million-from-new-investors-sbi-ventures-and-pep\/","title":{"rendered":"Seedbox raises $6 million from new investors SBI VENTURES and PEP"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Seedbox Technologies, Inc. (Seedbox), a wealth management platform providing access to investment products for all Filipinos, announced a $6 million investment by new investors SBI VENTURES SINGAPORE PTE. LTD. (SBI VENTURES) and Philippine Equity Partners, Inc. (PEP).<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Seedbox is the Philippines\u2019 first digital investments platform empowering all Filipinos to become investors at a click of a button. Seedbox 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 and software company based in Indonesia. 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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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\u2019s 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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a joint statement by the new investors,\u00a0Yujin Otsuka, Chief Representative of SBI Holdings Inc. Representative Office (Philippines), and\u00a0Lorenzo Roxas, Managing Director of PEP, said: \u201cSeedbox 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.\u201d The new funding will support Seedbox\u2019s 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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mike Ferrer, CEO of ATRAM Group, Jusuf Sjarrifudin, CEO of Indivara and Rex Mendoza, Founder and CEO of Rampver, stated:\u00a0\u201cThe shareholders and management team of Seedbox welcome the entry of SBI and PEP, leading firms in their respective fields, as our new partners. With their expertise and experience across the region, SBI and PEP will be able to contribute greatly to Seedbox\u2019s ability to meet Filipino investors\u2019 growing needs for new investment products and access points.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seedbox is the Philippines\u2019 first digital investments platform empowering all Filipinos to become investors at a click of a button.<\/p>\n","protected":false},"author":6,"featured_media":48571,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[96,2727,1656],"class_list":["post-48570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-technology","tag-technology-adaption","tag-technology-investment"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/48570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=48570"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/48570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/48571"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=48570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=48570"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=48570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}