Mitsubishi UFJ Financial Group's MUFG Innovation Partners unit will target Japanese and Southeast Asian fintech startups, and its first portfolio company is Moneytree.
Japan-based financial services firm Mitsubishi UFJ Financial Group (MUFG) has launched a ¥20bn ($180m) fund to focus on financial technology startups in Southeast Asia, the Business Times reported on Saturday.
The bank already invests through a venture capital arm known as Mitsubishi UFJ Capital, but set up a new unit called MUFG Innovation Partners (MUIP) in January this year to oversee strategic fintech investments and the formation of strategic partnerships.
The vehicle will invest in Japan and Southeast Asia, where…
