Filinvest Development Corporation to Shut Operations of Investree PH

The shareholders of Investree Philippines Inc. (Investree PH), namely Investree Singapore Pte. Ltd. and f(dev) Digital Innovations and Ventures, Inc., a subsidiary of Filinvest Development Corporation (FDC), have approved the winding down of the operations of Investree PH. In addition, Investree PH will apply for the shortening of its corporate term up to September 30, 2025.

Investree PH is working diligently to facilitate a smooth transition following due process in accordance with SEC regulations. All its stakeholders, including investors, SME partners and employees, are being properly informed. The company will continue to facilitate the payment of notes according to the terms and conditions of its agreements.

Investree PH expresses its gratitude to its stakeholders for their trust and support. This matter will have no material effect on FDC’s consolidated earnings forecast for the current year.

Investree PH is the first crowdfunding intermediary and funding portal registered with the SEC after the Rules and Regulations Covering Crowdfunding (CF Rules) took effect in July 2019. The company operates a lending-based crowdfunding platform whose crowdfunding activities  involve  banks  or  qualified  buyers  as  lenders,  and  small,  medium,  and emerging enterprises (SMEs) as borrowers.