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Companies

MUFG sets up $185m fintech fund to push global startups

Southeast Asia and Silicon Valley eyed with focus on fields like payment services

A robot offers basic service information in front of an MUFG Bank branch at Tokyo-area Narita Airport. The megabank is accelerating investments in financial technology.
A robot offers basic service information in front of an MUFG Bank branch at Tokyo-area Narita Airport. The megabank is accelerating investments in financial technology.   © Reuters

TOKYO -- Mitsubishi UFJ Financial Group has launched a roughly 20 billion yen ($185 million) venture capital unit targeting startups in the U.S., Southeast Asia and at home in Japan.

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