Filipino-Founded Invesko Attracts 12,000 Gen Z Investors Across Southeast Asia in Just Two Months

  

Singapore – July 25, 2024 – Invesko has announced that it has welcomed more than 12,000 new investors aged 18-29 to its platform since launching in May 2024.

Invesko is on a mission to make investing easy, accessible, and rewarding for a new generation of investors. With Invesko, young people can invest with no account minimums, buy and sell stocks for as little as $1, and get rewarded in cash and stocks as they invest in their future.

Investing Made Easy

With a simple design and intuitive interface, Invesko makes investing familiar and welcoming. Unlike complex platforms, Invesko offers an easy and rewarding onboarding process. Signing up takes less than 5 minutes, with free stock awaiting you when you complete verification. You can buy your first stock with just three taps for as little as $1. This simplicity aims to make Invesko the go-to mobile investing experience.

Investing Made Accessible

With 81% of young adults preferring to manage their finances via mobile apps, Invesko is designed as a mobile-first platform to meet this demand. It offers no account minimums and zero commissions during the promotional period, ensuring accessibility. Afterward, Invesko will continue to keep fees low for funding, trading, and subscriptions.

Investing Made Rewarding

With over two-thirds of young investors feeling overwhelmed by investment information and around half citing insufficient funds as a barrier, starting to invest can be intimidating. Invesko addresses these concerns by offering Rewards, which provide cash bonuses or free stocks as users invest. By recognizing and rewarding their commitment, Invesko helps turn hesitation into action, making early investment more accessible and appealing.

Grow Your Investments with Invesko

Invesko currently offers access to US stocks and ETFs by working with a partner broker-dealer to offer exceptional brokerage features with ultimate flexibility and the security of SIPC insurance — all delivered through the Invesko app that makes building your wealth easy. 

The company is also expanding to include local stocks, as part of its strategy to become a comprehensive financial-services provider.

“Our vision is for Invesko to be the most trusted, lowest-cost, and culturally relevant investment app for Gen Z in Southeast Asia—the most tech-savvy and largest user base,” Invesko founder Miko Bantigue says. “Looking ahead, we aim to offer a seamless experience where users can grow and manage all aspects of their wealth in one place. We’re building a platform where they can easily transition between US stocks, local stocks, automated investment products, and a high-yield USD cash account. It will truly be ‘all my investments.’”

The app is available to customers in over 150 countries on the Apple App Store and Google Play at getinvesko.com.

-

Invesko is not a securities broker and does not provide any broker-dealer services. We work with licensed partner broker-dealers to ensure compliance with all applicable regulations. Nothing in this press release should be construed as an offer or solicitation to buy or sell securities or other financial products in any jurisdiction where such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Neither Invesko nor its partner broker-dealers hold the necessary licenses or registrations in such jurisdictions. Prospective investors should seek the advice of their own financial and legal advisors before making any investment decision.

About Invesko

Invesko is changing the way young people invest with a focus on simplicity, accessibility, and rewards. Launched in 2024, its mobile-first platform offers easy access to US stocks and ETFs. Invesko eliminates account minimums and keeps fees low, aiming to make investing straightforward and engaging. The goal is to help users manage all their investments in one place, creating a seamless and rewarding experience.

This Press Release has also been published on VRITIMES

The Phillippines Chooses Venom for Groundbreaking National Blockchain Initiative

  

Manila, Philippines, July 30, 2024 Chainwire – With its advanced blockchain technology, the Venom Foundation proudly announces its proposal to digitize the Philippine government's accountable forms, such as but not limited to invoices or receipts, cash tickets, documentary stamps, and special bank receipts, individually identified, accounted for, and afforded appropriate security. This project represents a major milestone, marking the world's largest blockchain use case and showcasing Venom's capability to handle large-scale, sovereign-level operations.

Landmark Opportunity and Global Significance:

The project will represent a landmark opportunity, not only for Venom but for the blockchain industry as a whole. The world's largest blockchain use case signifies a seismic shift in how sovereign states perceive and utilize blockchain technology. By betting on Venom, the Philippine government can demonstrate unprecedented trust and confidence in blockchain as a secure, scalable, and efficient solution for national-level operations. This move will revolutionize the way governments and large institutions handle data, transactions, and record-keeping, setting a new standard for transparency and efficiency.

Project Scope and Impact:

The Philippines will be making a significant leap forward if the country pursues the digitalization of approximately 10 billion transactions in accountable form using Venom blockchain technology. This initiative will mark a new phase in the country's digitalization journey and promises to revolutionize financial operations. The project expects to significantly enhance transparency, reduce costs, and improve the efficiency and security of financial transactions across the nation. With a population of approximately 115 million, the impact of this digitization effort will be far-reaching, touching every aspect of daily life and commerce in the Philippines.

Strategic Selection:

Initially, the Philippines considered utilizing IBM's Hyperledger technology to implement its digitization plan. However, the country eventually decided to move forward with the Venom blockchain instead due to its unparalleled scalability, high throughput, security, and low transaction costs, making it the best choice for government and corporate needs. With efforts underway in the Philippines to reform financial operations, Venom brings key qualities to the table that will help usher in a new era of efficiency and transparency in the country while also helping to curb inflation. More than just a technological solution, Venom represents an institutional foundation capable of growing and adapting to the needs of a massive project that will only grow in scope over time.

Economic Impact:

If fully leveraged, digital transformation using Venom blockchain in the Philippines can unlock up to USD 101.3 billion (PHP 5 trillion) in annual economic value by 2030, equivalent to about 27 percent of the country's GDP in 2020, according to a report by AlphaBeta in October 2021 on The Growing Digital Economy in the Philippines. This represents billions of dollars in additional revenue to boost the economy, which will contribute to improving citizens' quality of life and infrastructure development.

Government Endorsement:

The Philippines’ National Printing Office (NPO), responsible for printing about 10 billion pieces of accountable forms annually, is leading the digitization initiative with Venom. President Ferdinand “Bongbong” Marcos Jr. (PBBM) has made digitization a priority for the country, identifying it as a means of improving essential services for Filipinos and helping curb corruption. According to PBBM, digitizing government records and services would enhance the country’s science-based planning and decision-making, as well as streamline business transactions.

Technological Superiority:

In turn, the Philippines' hopeful adoption of Venom can signify a new and exciting stage in the Venom network's growth. The billions of additional transactions will add enormous value to the network, introduce it to millions of new users, and provide a blueprint for other projects of a similar scale on how to use Venom to maximize their efficiency. Furthermore, the dramatic increase in network transactions will make being a validator on Venom even more lucrative, bolstering the network's health.

Leadership Perspective:

The Venom Foundation's CEO, Christopher Louis Tsu, commented on the news that the Philippines prints approximately 10 billion paper receipts annually. He said, "Transitioning to digital receipts using the Venom blockchain not only reduces printing and processing costs, but also demonstrates the massive utilization of the Venom blockchain in the form of hundreds of millions of Venom tokens annually. With its incredible throughput of 100,000 transactions per second and low transaction costs, Venom is becoming a leader in institutional blockchain solutions."

By selecting Venom, the NPO and the Philippine government as a whole will demonstrate readiness to keep pace with the times, ready to adopt advanced technologies to achieve better outcomes in governance and citizen services.

About the National Printing Office (NPO) in the Philippines

NPO, the foremost Recognized Government Printers (RGP) in the Philippines is responsible for printing accountable and non-accountable forms and documents essential to the Philippine government’s operations. The NPO's digitization initiative, supported by Venom’s blockchain technology, aims to enhance the efficiency and security of government services.

For more information, please refer to the official Philippine government release: Venom Blockchain Boosts Digitization in the Philippines.

About Venom Foundation

Venom is a cutting-edge layer-0 and layer-1 network that seamlessly integrates with other independent networks thanks to innovative mesh technology. Anchored by a masterchain for overall state and consensus management, Venom supports unlimited autonomous workchains for user accounts, smart contracts, and dApps. Mesh technology optimizes inter-chain communication, ensuring speed and scalability. With rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is ideal for hosting CBDCs and large-scale platforms.

For more information, visit Venom Foundation at https://venom.foundation

This Press Release has also been published on VRITIMES

BAN Toxics Lauds New EU Mercury Regulation; calls for Stronger Regional & Global Cooperation

Wazzup Pilipinas!?



“The new regulation for mercury by the European Union (EU) is a significant development in the global effort to reduce and eliminate mercury pollution. It highlights the importance of international and regional cooperation in addressing the human health and environmental impacts of this toxic chemical.”

This was the statement of environmental NGO BAN Toxics after the EU's Revised Regulation for Mercury entered into force on July 30, 2024. The new law prohibits the last intentional uses of mercury by EU member states, including the use and export of dental amalgam, and the manufacture, import, and export of certain categories of mercury-containing lamps.

“Illegal transboundary trade of mercury and mercury-added products remains a major challenge for Philippine regulatory agencies. The influx of imported mercury-containing cosmetic products, for example, continues unabated despite existing regulatory frameworks at both the national and global regional levels. We need international collaboration arrangements, which could include information exchange, market surveillance, and technical or financial assistance to enhance capabilities for detecting illegal products. Such collaboration may also help address the entry into the country of mercury-added products that are purchased via e-commerce platforms such as Lazada and Shopee,” said Thony Dizon, BAN Toxics Advocacy and Campaign Officer.

Mercury is a highly toxic chemical that can cause irreparable damage to the nervous system. It is indestructible which means its emissions and releases can bioaccumulate and biomagnify, posing a significant threat to human health and the environment.

According to Dizon, the Philippines has made significant strides in strengthening regulations to reduce mercury use in the country. In 2019, the Department of Environment and Natural Resources (DENR) issued Administrative Order 2019-20, or the Revised Chemical Control Order for Mercury and Mercury Compounds. The Department of Health (DOH) also issued Administrative Order No. 2020-0020, or the “Guidelines on the Phase-out of Mercury Use in Dental Restorative Procedures.” Additionally, the Food and Drug Administration (FDA) issued FDA Circular No. 2022-003, which bans all mercury-added thermometers, sphygmomanometers, dental amalgam capsules, and liquid mercury for use in dental restorative purposes.

In 2020, the Philippines ratified the Minamata Convention on Mercury, a legally binding global treaty designed to reduce and eliminate mercury emissions and releases into the environment.

BAN Toxics has recently submitted information to the Minamata Convention Secretariat which cited illegal shipments and unregulated online trade as the main challenges in addressing mercury containing cosmetics.

“Our country is always at the receiving end of this illegal transboundary trade since we are not the source of these products. But if more cross-border agreements or mechanisms are in place, this might reduce illegal production and trade of mercury and mercury-added products,” the group said.