MUFG Innovation Partners completes investment in READYFOR INC.
March 31, 2021 – MUFG Innovation Partners Co., Ltd. (“MUIP”), a corporate venture capital fund and a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (“MUFG”), has recently invested in READYFOR INC. (“READYFOR”).
As Japan’s first crowdfunding platform, READYFOR is developing means of raising funds in fields where it’s difficult to raise capital with existing financial services and capitalism, mainly in NPOs, medical institutions, research fields, and regional revitalization efforts. So far, READYFOR has helped implement about 20,000 projects, totaling about 20 billion yen (as of March 29, 2021). In order for READYFOR to match more funds and activities, the company has recently received donations of 500 million yen from more than 30 companies and is building a support network that supports fundraisers throughout society.
MUIP sympathizes with READYFOR’s mission and has decided to make an investment with the intention of providing full support as a financial institution. As a CVC (Corporate Venture Capital) of MUFG, we will work with MUFG group companies to realize various collaborative projects with READYFOR in the future. Currently, we are dispatching an employee from MUFG Bank to support the company’s business growth and learn know-how. We are confident that the growth and success of READYFOR will have a great impact on the society.
Name: READYFOR INC.
Date of Establishment: July 1, 2014
Headquarters: Chiyoda-ku, Tokyo, Japan
Representatives: Haruka Mera (CEO), Naoki Hiura (COO)
Business Description: Provider of crowdfunding services
Mitsubishi UFJ Financial Group, Inc. is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with around 3,000 locations in more than 50 countries. The Group has over 180,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english
MUFG Innovation Partners Co., Ltd. is a $ 185 million corporate venture capital founded by MUFG, investing in fintech startups around the world. For more information, visit http://www.ip.mufg.jp