TOKYO -- Mitsubishi UFJ Financial Group has launched a roughly 20 billion yen ($185 million) venture capital unit targeting startups in the U.S., Southeast Asia and at home in Japan.
The fund ranks among Japan's largest set up by a major bank to specialize in financial technology. It will invest in enterprises in areas like payments, remittances and asset management that look ripe for collaboration in the finance business, with funding from group companies -- primarily MUFG Bank, one of Japan's largest lenders.
