MUFG Innovation Partners
MUFG Innovation Partners Co., Ltd. is the corporate venture capital arm of Mitsubishi UFJ Financial Group, established in 2019 and headquartered in Tokyo, Japan. The firm focuses on managing corporate venture capital funds to foster open innovation and strengthen partnerships with FinTech-related startups. MUFG Innovation Partners targets investments in early to growth-stage companies across various sectors, including lending, payments, wealth and asset management, capital markets, banking software, vertical software, sustainability, and discovery. By engaging with innovative startups, the firm aims to enhance its strategic capabilities and drive advancements in the financial services industry.
Past deals in Myanmar
Grab
Series H in 2019
Grab Holdings Inc., headquartered in Singapore, operates a mobile technology platform that integrates city transportation and various on-demand services in Southeast Asia. The company, founded in 2012 by Anthony Tan and Tan Hooi Ling, offers services such as ride-hailing (GrabTaxi, GrabCar), carpooling (GrabHitch, GrabShare), shuttle services (GrabShuttle, GrabShuttle Plus), and food delivery through its GrabFood platform. Grab also provides financial services, including payments, consumer loans, and enterprise offerings. It operates in eight countries: Singapore, Indonesia, Philippines, Malaysia, Thailand, Vietnam, and Myanmar. Grab generates revenue by charging commissions to both consumers and service providers, with ride-hailing and food delivery contributing to 89% of its total revenue. The company competes with Foodpanda and Gojek in the region.
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