Investree Philippines Obtains SEC Approval to Continue Operation
The license as a crowdfunding platform is valid for one year and review will be held in the 11th month
Investree Philippines, a joint venture between Filinvest Development Corp and Investree, has officially secured a license agreement to operate the crowdfunding platform from the Philippine Securities and Exchange Commission (SEC). This news also marks the issuance of the first Philippines' company licensing, after the SEC released new rules and regulations in 2019.
Quoting from the Philippine Information Agency, the license obtained by Investree Philippines as a crowdfunding broker and this funding portal is valid for one year and is required to comply with certain rules. Approaching one year, to be precise in the 11th month of operation, the SEC will examine for an extension.
Investree works with a Singapore legal entity, Investree Singapore Pte. Ltd., in the establishment of this joint venture.
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