FINOLAB INC .
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“ In 2017 fintech investments into startups in Japan reached US $ 105mn , in 2018 it rose to US $ 542mn , which is about 1 % of the global figures , and it is continuing to grow ”
— Makoto Shibata , CCO , Head of FINOLAB
innovation initiatives ,” says Shibata . “ I believe that we are unique because we are located in the heart of the financial district , making us very accessible for all , including large financial institutions , financial people and startups . FINOLAB was created in 2016 , and has had the support of Dentsu Group , the biggest advertising group in Japan , and Mitsubishi Estate , the biggest real estate company . “ From these two groups , ISI Dentsu and Mitsubishi Estate have become our shareholders , they have made the investment for making FINOLAB sustainable to support startups and corporate members on a long term basis . So , while we are an independent public company , we are supported by two large companies .”
Currently within Japan , “ the Fintech industry is growing ”, states Shibata . “ In 2017 fintech investments into startups in the nation reached US $ 105mn , in 2018 it rose to US $ 542mn , which is about 1 % of the global figures , and it is continuing to grow . There is also a big appetite for these financial institutions to promote digital transformation , something which I believe we still have room to grow within Japan ,” adds Shibata .
MAY 2020