SBI Holdings’ Fintech Fund in Japan Raised 67% of $245m Target

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SBI Holdings’ Fintech Fund in Japan Raised 67% of $245m Target

Postby kreslik.news » Wed May 11, 2016 9:18 am


One of Japan’s major financial institutions, with nearly ¥280 billion ($2.57b) in market cap, SBI Holdings, listed on the Tokyo Stock Exchange under ticker 8473, has thus far raised ¥20bln ($183m) of the ¥30bln ($275m – originally $245m before Yen strengthen) that had been initially targeted for its fintech venture fund in December, according to an update from the company as explained to Finance Magnates.

It’s important to note that in early December the price of the Japanese yen was nearly 123.00 against the US Dollar, compared to it being almost 109.00 today, therefore, the ¥30bln original target was worth $245m at the ... (read more)

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