TOKYO -- Sumitomo Mitsui Banking Corp. (SMBC) will establish a $300 million venture capital fund in partnership with a U.S. asset manager to invest in artificial intelligence and fintech startups, the Japanese lender announced Monday.
Finance
SMBC to set up $300m fund for US fintech, AI startups
Japanese bank to launch venture capital fund with US asset manager
SMBC and Fin Capital's corporate venture capital fund will support financial technology startups. (Photo by Yuki Nakao)
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