SINGAPORE : Japan's Sumitomo Mitsui Banking Corp (SMBC) said on Tuesday it has co-founded a $200 million corporate venture capital fund called SMBC Asia Rising Fund in Singapore with Japan's venture capital firm Incubate Fund (IF).The fund targets start-ups that contribute to SMBC's businesses via collabo
SINGAPORE : Japan's Sumitomo Mitsui Banking Corp said on Tuesday it has co-founded a $200 million corporate venture capital fund called SMBC Asia Rising Fund in Singapore with Japan's venture capital firm Incubate Fund .
The fund targets start-ups that contribute to SMBC's businesses via collaborations or business development in lending tech, payment, supply chain finance, banking-as-a-service and digital assets, SMBC said in a statement.
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