Marubeni enters into mobile lending business in the Philippines
Marubeni has invested in AND Financing Corporation (AFC), a mobile lending company in the Philippines and a subsidiary of AND Global, a…
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Rakuten Mobile raises funds through sale-and-leaseback of mobile network assets
Rakuten Group and Macquarie Asset Management today announced that Rakuten Mobile, a subsidiary of Rakuten Group, will raise between JPY 150…
Asuene raises USD 5.3m in Series C 2nd close, and makes first acquisition
Asuene has successfully raised approximately USD 5.3m in the 2nd close of its Series C round through a third-party allocation of shares…
Digital Garage and Resona Begin Online Lending Proof-of-Concept
Digital Garage (DG) has developed an AI model (“Insite Stream”) that evaluates the credit risk of restaurants using an industry-specific…
SuMi TRUST: What about those bear funds?
At the end of October 2023, Sumitomo Mitsui Trust Holdings (SuMi TRUST) slashed its net income forecast for FY2023 by 57.5%, JPY 200bn to…
JCBA & JVCEA submit tax reform proposal
At the end of July, the Japan Virtual and Crypto assets Exchange Association (JVCEA) and the Japan Cryptoasset Business Association (JCBA)…
Mortgage tech startup iYell raises JPY 1.86 billion in Series E funding
iYell has raised a total of 1.86 billion yen through a third-party allotment of new shares to 13 companies, including the National…
Rakuten Wallet and CALIVERSE partner to expand web3 and metaverse businesses
Rakuten Wallet has signed a memorandum of understanding (MOU) with CALIVERSE, a group company of the Lotte Group that operates a metaverse…
Kyobo Securities Signs MOU with SBI Digital Markets for Digital Finance Cooperation
Kyobo Securities has signed a memorandum of understanding (MOU) with SBI Digital Markets (“SBIDM”) for a strategic partnership to promote…
Establishment of “Hirogin Innovation Investment Limited Partnership”
Hiroshima Bank has established the “Hirogin Innovation Investment Limited Partnership” with Hiroshima Venture Capital as its general…
Japan FinTech Observer #71
Welcome to the seventy-first edition of the Japan FinTech Observer.
Mega Bank Earnings (III) — Mizuho
Since November 2023, Mizuho has been collaborating with the Tokyo University of the Arts, asking students to give form to the ideas they…