SBI Holdings, Inc. has agreed to establish a joint venture fund with Global Finance & Technology Network (GFTN), an organization established by the Monetary Authority of Singapore (MAS).
This fund will invest in global growth-stage fintech companies and related fields.
The fund targets to raise up to USD 200 million to invest in global growth-stage companies in fields such as digital financial infrastructure, fintech including payments, artificial intelligence, digital assets, cybersecurity, and other emerging technologies applied to financial applications.
Furthermore, with the expansion of the Singapore-based digital financial ecosystem, the SBI Group will accelerate support for the growth of innovative fintech companies through this fund, working alongside GFTN to advance fintech growth and international collaboration across Asia and globally. The fund is managed by SBI Ven Capital Pte. Ltd., a subsidiary of SBI Holdings.
