Mitsubishi UFJ Financial provided $200m for Akulaku while various Chinese corporates participated in Freetech’s $100m series B round.

online payment

M&A

Mitsubishi UFJ Bank has agreed to pay ¥20bn ($150m) to acquire a 70% stake in Kanmu, the Japan-based online payment system provider backed by another financial services firm Seven Bank, marketing group Freakout Holdings and media company Adways, Nikkei has reported. The acquisition is set to close in early 2023 and will value the company at more than $190m. It had raised a total of almost…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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