Japan’s Mitsubishi UFJ Financial Group (MUFG) has announced the launch of its second venture capital fund, aimed at investing $182 million in fintech startups.
The first fund, established in early 2019 with a commitment of 20 billion yen, was managed by a team of venture capitalists and industry experts experienced in collaborating with and investing in both Japanese and international startups. This initiative, under the banner of MUFG Innovation Partners, has successfully made strategic investments in over 20 fintech companies globally.
With this new fund of equivalent size, MUFG aims to further strengthen its connections within the fintech ecosystem, with a particular emphasis on Environmental, Social, and Governance (ESG) factors as a key area of focus.