7th July 2017 – Singapore debt based crowdfunding platform – SeedIn, announced her fifth business expansion into the Philippines, the second largest country in Southeast Asia with an estimated hundred million in population.
SeedIn believes that the local businesses will benefit from their tech financing solutions to help reduce cash flow gaps and enhance capital growth.
The launch event was held at the QBO Innovation Hub, DTI International Building and was graced by representatives from the Department of Trade & Industry (DTI), Metrobank, PricewaterhouseCoopers, Sterling Bank, Citibank, Taipei Economic and Cultural Office in the Philippines, International Enterprise (IE) Singapore and The Embassy of the Republic of Singapore.
During the event, SeedIn Philippines also invited a SME owner from the renewable energy industry to share his financing experience on the platform and why he chose SeedIn over traditional facilities.
Eddie Lee, Group CEO of SeedIn Holding said, “We first spoke to our Philippines partners in June 2016. It was a 13 month long research and preparation journey. We are upbeat about the launch as Philippines is the second largest country in South East Asia with an annual GDP growth of 7%. SeedIn will be able to apply what she has learnt and adapted across the South East Asia region to local SMEs who faced similar challenges in the Philippines”.
Edison Tsai, Executive Director of SeedIn Philippines said, “The Philippines market is in need of financial services that can help our SMEs grow sensibly and competitively. Coupled with the potential in products and services we can deliver, I believe we can create a mutually beneficial peer to peer platform to our members. With this partnership, SeedIn Philippines will bring SMEs to the next stage of their business growth journey”.
For further information, you may visit our public website: www.newunion.ph
SeedIn – a debt based crowdfunding platform, since its inception in 2013, has collectively funded USD $1.6B (S$2.3B) to businesses across Singapore, Taiwan, Cambodia and Philippines.