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# MUTB and Gaxi seek to establish Japan’s first grant-based scholarship fund through investment of…
- URL: https://www.fintechobserver.com/mutb-and-gaxi-seek-to-establish-japans-first-grant-based-scholarship-fund-through-investment-of/
- Published: 2024-06-03T04:55:08.000Z
- Updated: 2024-06-03T04:55:08.000Z
- Description: Mitsubishi UFJ Trust and Banking Corporation and Gaxi will commence a joint study to establish a grant-type scholarship fund through the…
- Author: Norbert Gehrke
- Tags: #Migrated-1734246964256, #Import 2024-12-15 07:16

### MUTB and Gaxi seek to establish Japan’s first grant-based scholarship fund through investment of donations

Mitsubishi UFJ Trust and Banking Corporation and Gaxi will commence a joint study to establish a grant-type scholarship fund through the investment of donations. This will be the first of its kind in Japan, as a scheme that accepts contributions from an unspecified number of donors and allows them to select beneficiaries based on their wishes. A patent application has been filed for this entire scheme.

#### Overview

Gaxi is Japan’s largest scholarship platform that provides total services for scholarship users, operators, and donors. Gaxi offers services such as “Gaxi”, a scholarship information website for students and guardians that covers almost all 16,000 scholarships in Japan, and “Gaxi Agent”, a cloud-based scholarship management system that centrally manages scholarship applications, selections, and payments.

Meanwhile, Mitsubishi UFJ Trust and Banking leverages its trust structure to provide long-term, stable investment management that grows the valuable assets entrusted to it by its customers.

![](https://cdn-images-1.medium.com/max/800/1*2b7CxyWU3OadwW-o4ewipA.png)

In this new envisioned service, the partners will consider establishing a fund based on the funds contributed by donors, managing the fund at Mitsubishi UFJ Trust and Banking, and providing grant-type scholarships to many students through “Gaxi Agent” using the investment profits as a source of funds.

#### About Gaxi

In December 2023, Gaxi completed a total round of 270 million yen, structured as a Series A equity round from Genesis Ventures, Mitsubishi UFJ Capital, Marui Group, Yoshikazu Sekimi, and existing shareholders (KIBOW Social Investment Fund, Mizuho Capital), as well as through debt financing from financial institutions.

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