ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

Japan banks taking stakes in robo-adviser startup

TOKYO -- Five Japanese regional banks including Yamaguchi Financial Group have entered into capital tie-ups with Money Design, a fintech startup behind a "set and forget" online asset management service.

The deal involves Yamaguchi, Bank of Kyoto, Musashino Bank, Hyakugo Bank and Toho Bank investing between 30 million yen and 100 million yen ($274,230 and $914,100) each through a new-share issuance by the developer of Theo, a so-called robo-adviser. The online investment service recommends ideal asset allocations based on users' answers to simple questions, purchasing exchange-traded funds and managing the portfolios according to the recommendations.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more