Aleta Planet Foundation: Supporting children and elderly in the fight against COVID-19

Oct 26, 2020

To help bolster the combined efforts in combating the adverse effects of the COVID-19 pandemic within our community, fast growing fintech company Aleta Planet has donated $100,000 to the Mediacorp Enable Fund, a community fund administered by SG Enable.

The proceeds are part of an initial larger commitment of $200,000, and will go towards supporting the elderly who have to work despite their frailties and children with disabilities, as well as those from low income families.

The sum will be donated via the Aleta Planet Foundation, a donor advised fund established in partnership with the Community Foundation of Singapore (CFS). The Aleta Planet Foundation will work with CFS to identify existing needs for the elderly and disabled children, find suitable charity partners to work with and to manage the funds received.

“We are deeply grateful to Aleta Planet Foundation for their strong spirit of charity and choosing the Mediacorp Enable Fund to make their first donation. The generous contribution will provide much needed financial assistance in meeting the last mile needs of persons with disabilities, as well as to help them fulfil their aspirations in life,” says Mr Ku Geok Boon, CEO of SG Enable.

Set up in Singapore just six years ago, the Aleta Foundation specialises in payment solutions to and from China, and plans to increase their contributions to the community in the future as part of their sustainable corporate giving culture.

“As Aleta Planet has reached a level of growth, we feel that it is now fitting for us to give back to the community in which we operate,” said Mr Ryan Gwee, Chairman and Group CEO of Aleta Planet. “This is especially timely amid a pandemic and recession that have created considerable hardship for the most vulnerable groups living on the fringes of our society.”

The donation seeks to also support the elderly who have been abandoned by their families, and will focus on children from low-income families to help them realise their fullest potential in life.

“We look forward to closer collaboration with the Aleta Planet Foundation to identify gaps in the community so as to foster more effective giving and amplify the positive impact they have on our society,” says Catherine Loh, CEO of CFS.

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