Get All Access for $5/mo

Seedbox Raises $6 Million In a Funding Round Led By SBI Ventures and Philippine Equity Partners Funds will be utilized to support Seedbox's rapid growth and allow the company to scale its operations with investments in upgrading its technology platform, enhance its product suite and expand its team

By Saptak Bardhan

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media.

Freepik

Wealth management platform, Seedbox, on Wednesday announced to have raised $6 million in a funding round led by SBI Ventures and Philippine Equity Partners. Funds will be utilized to support Seedbox's rapid growth and allow the company to scale its operations with investments in upgrading its technology platform, enhance its product suite, and expand its team.

"The 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's ability to meet Filipino investors' growing needs for new investment products and access points," said Mike Ferrer, CEO of ATRAM Group, Jusuf Sjarrifudin, CEO of Indivara and Rex Mendoza, founder and CEO of Rampver in a joint statement.

According to a report by Bain and Co. in collaboration with Google and Temasek, the digital payments market will exceed the value of $1 trillion by 2025. The digital financial services is expected to generate revenue of approximately $38 billion and account for 11 per cent of the total financial services industry.

"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," said Yujin Otsuka, Chief Representative of SBI Holdings Representative Office and Lorenzo Roxas, managing director, in a joint statement

Seedbox is the Philippines' 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 & software company based in Indonesia. Seedbox 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.

Saptak Bardhan

Former Trainee Writer

Former Trainee Writer
Science & Technology

Use This Framework to Successfully Integrate AI Into Your Business Operations

Here's how to ensure both innovation and compliance when using AI in your organization.

Leadership

Why Your AI Strategy Will Fail Without the Right Talent in Place

Using fractional AI experts through specialized platforms allows companies to access top talent cost-effectively, drive innovation and scale agile strategies for growth.

Business News

Here's What the CPI Report Means for Your Wallet, According to JPMorgan and EY Experts

Most experts agree that there will be another rate cut next week.

Growing a Business

Why Business Owners Should Streamline Their Operations Now for Success in 2025

As the holiday season and year-end approach, business owners face heightened operational demands, from inventory management to spend control. By streamlining these processes and partnering with flexible suppliers, businesses can maintain efficiency, meet customer needs and focus on growth while navigating this busy period.

Marketing

He Pitched His First Business at 12 and Sold a Company for 8 Figures When He Was 23. Here's This Gen Z Marketing Expert's Next Big Move.

Griffin Haddrill built a marketing empire working with artists like Justin Bieber and Lil Nas X. Learn how he tapped into Gen Z's digital culture and turned viral campaigns into a business model.