The Securities and Exchange Commission kicked off its nationwide roadshow in Davao on Wednesday in its bid to bring the capital market closer and more accessible to micro, small and medium enterprises .
The MSME network currently accounts for 99.5 percent of total businesses in the country. It hires 63 percent of the local workforce, constitutes 25 percent of the country’s total exports, and contributes around 40 percent to the national gross domestic product. The roadshow presented crowdfunding, among others, as an easy and accessible way for MSMEs and start-ups to raise funds for business expansion.
There are currently three registered crowdfunding intermediaries registered with the SEC— Investree Philippines, SeedIn Technology Inc., and Eastern Securities Development Corp. .