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)…

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