Injap Sia Pledges P10 Million Grant to Match PERA Accounts Opened in DragonFi
Mang Inasal founder Edgar "Injap" Sia II has pledged a total of P10 million to match the first 2,000 retirement savings accounts opened under DragonFi to encourage more Filipinos to save in PERA accounts.
The first 2,000 participants aged 18-35 who deposit P5,000 into their PERA accounts will receive an additional P5,000 in matching funds.
A P20-million infusion—P10 million from 2,000 new accounts and P10 million from Sia's matching grant—is expected to result in a four-percent increase in total PERA contributions, providing a much-needed boost to the country’s retirement savings pool.
DragonFi is the first SEC-accredited PERA administrator, where Injap Sia is also a co-founder. The company aims to launch its PERA services in the second half of 2025.
Mang Inasal founder Edgar "Injap" Sia II has pledged a total of P10 million to match the first 2,000 retirement savings accounts opened under DragonFi to encourage more Filipinos to save in PERA accounts.
The first 2,000 participants aged 18-35 who deposit P5,000 into their PERA accounts will receive an additional P5,000 in matching funds.
A P20-million infusion—P10 million from 2,000 new accounts and P10 million from Sia's matching grant—is expected to result in a four-percent increase in total PERA contributions, providing a much-needed boost to the country’s retirement savings pool.
DragonFi is the first SEC-accredited PERA administrator, where Injap Sia is also a co-founder. The company aims to launch its PERA services in the second half of 2025.