lending
Brazilian FinTech CashU secured a $17.5M Credit Rights Investment Fund (FIDC) backed by Itaú BBA and Credit Saison to finance its lending operations. The provision of credit is essential for small and medium-sized businesses to be able to scale at an adequate pace. With the launch of the fund,
cryptocurrency exchange
Coincheck Group, a Dutch holding company for the leading Japanese crypto exchange Coincheck, reported its fiscal 2025 third-quarter results (for the period ending December 31, 2024). The report and subsequent earnings call highlighted significant growth, strategic milestones, and ambitious future plans. The key takeaway is that Coincheck experienced substantial quarter-over-quarter
AML
Compliance Data Lab (CDL) announced that six companies within the MS&AD Insurance Group have adopted Compliance Station UBO+, a service providing immediate online access to Ultimate Beneficial Owner (UBO) and capital chain information. The six companies are MS&AD Insurance Group Holdings, Mitsui Sumitomo Insurance, Aioi Nissay
crypto
SLASH VISION, Orient Corporation, and AIKITASU will partner to issue "Slash Card," Japan's first BNPL (Buy Now Pay Later) service secured by USDC (USD Coin). The three companies are currently preparing to issue the "Slash Card" in the first half of 2025 (by the
crypto
pafin, the provider of cryptact, a leading cryptocurrency calculation service for tax filing, today announced its official launch in Canada. Founded by former Goldman Sachs executives with extensive experience in finance and investment, cryptact leverages institutional-level expertise to deliver accurate and efficient crypto tax solutions. Key Features of cryptact * Japan&
lending
CARSOME Group, Southeast Asia’s largest integrated car e-commerce platform, and JACCS (Japan Consumer Credit Service), a global consumer finance company and a member of the Mitsubishi UFJ Financial Group, announced a strategic partnership via CARSOME Capital, the financing arm of CARSOME. As part of this strategic partnership, JACCS will
payments
Digital Garage has acquired additional shares of Pocket Change, making it an equity method affiliate of Digital Garage. At the same time, Digital Garage has concluded a capital and business alliance with JCB, a shareholder of Pocket Change, and the three companies have also signed a capital and business alliance.
remittance
BDO Unibank and Seven Bank recently reaffirmed their commitment to providing convenient and reliable remittance services to Overseas Filipinos in Japan. This partnership, initially established in 2017, leverages the strengths of two leading financial institutions from prominent Asian economies to meet the evolving needs of this significant demographic. Recognizing the
weekly
Welcome to the ninety-eighth edition of the Japan FinTech Observer. The past week saw the peak of earnings season for the financial sector, generally with very good to exceptional results for most players, including the FinTech segments of platforms like LY Corporation and Mercari; the only exception being cooperative Norinchukin
banking
Mizuho Financial Group reported results for the third quarter of the current fiscal year, providing an assessment of its performance, strategy, and outlook. Financial Performance & Outlook * Strong Q3 FY24 Performance * Consolidated net business profits + ETF gains/losses: ¥964.2 bn (+15% YoY), 82% of FY3/25 guidance, exceeding analyst
lending
King Street Capital Management, a leading global alternative investment firm, and Tor Investment Managemenet, a leading independent alternative credit manager in Asia, announced a USD 110m financing solution for Soul of Japan (SOJ), a land-based Atlantic salmon farm project in Tsu City. SOJ is backed by 8F Asset Management, an
banking
SBI Holdings and its consolidated subsidiary SBI ARUHI decided to jointly invest in a preparatory company to enter the housing loan guarantee business from April 2025. SBI ARUHI has maintained the No. 1 market share in loan execution volume for 14 consecutive years, providing [Flat 35] loans to a wide