Injap Sia pledges P10M to entice more Filipinos to invest in PERA

DragonFi Securities Inc. co-founder Edgar “Injap” Sia II has pledged a P10-million Matching Grant, which will provide P5,000 to 2,000 Filipinos who contribute the same amount to the Personal Equity and Retirement Account (PERA).

The grant is anticipated to boost the number of PERAs in the country by 35% and will benefit 2,000 Filipinos between the ages of 18 and 35 who are just starting their retirement savings.

“This P10-million Matching Grant Fund is one of my ways, as a passionate Filipino entrepreneur, through my business endeavors now and in the future, here and abroad, to contribute as much as I can towards our common patriotic goal towards a first world Philippines,” Sia said in a statement.

“I hope that through the PERA program and this initial grant, we’re not only paving the way for 2,000 Filipinos to become future millionaires but also igniting a movement that will empower millions of young Filipinos to achieve financial independence within our lifetimes,” he added.

PERA is a voluntary retirement saving program, which supplements the existing retirement benefits from the Social Security System (SSS), the Government Service Insurance System (GSIS), and employers.

The grant comes as Sia’s DragonFi secured the first accreditation from the Securities and Exchange Commission (SEC) as a PERA administrator.

DragonFi will officially launch its PERA services in the second half of 2025, during which Filipinos will be able to open accounts through the platform. —VBL, GMA Integrated News