Based on the “Global Financial City Tokyo” Vision 2.0 (announced in November 2021), the Tokyo Metropolitan Government (TMG) is working on the digitalization of finance using FinTech and the cumulation of various financial players including FinTech. We are pleased to announce that the following company has been selected to manage the newly established “FinTech Support Fund”, which starting from this fiscal year will aim to contribute to the development of the FinTech industry and solving social issues through the provision of innovative services.
1 – Fund Operating Company
2 – Timeline of Operating Company Recruitment to Final Selection
・ A request for operating companies was put out in October and November 2021, three companies applied for the position
・ In December of the same year applicants were examined by a selection committee, after which the fund operating company was chosen.
3 – Future Plans
TMG is planning to invest JPY 200 million in the fund around March 2022.
[Investment Scheme Map]