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SMBC to Launch $300m VC Fund for AI and Fintech Startups
ByAinvest
Monday, Jul 28, 2025 12:32 pm ET1min read
Sumitomo Mitsui Banking Corp. (SMBC) is establishing a $300 million venture capital fund with Fin Capital to invest in AI and fintech startups. The SMBC Fin Atlas Beyond Fund will run for 10 years and focus on investing in innovative technologies in the financial sector. SMBC will provide most of the funding for the fund.
Sumitomo Mitsui Banking Corp. (SMBC) has announced the establishment of a $300 million venture capital fund in partnership with Fin Capital to invest in artificial intelligence (AI) and fintech startups. The new SMBC Fin Atlas Beyond Fund will focus on innovative technologies in the financial sector and run for 10 years [1].The fund, which will be majority funded by SMBC, aims to support startups that are leveraging AI and fintech to revolutionize the financial industry. The partnership with Fin Capital, a U.S. asset manager, will bring together SMBC's financial expertise and Fin Capital's venture capital experience to identify and invest in promising startups.
The announcement comes at a time when the fintech and AI sectors are experiencing significant growth and innovation. The fund's focus on these areas reflects SMBC's strategic vision to remain at the forefront of technological advancements in the financial sector.
The establishment of the SMBC Fin Atlas Beyond Fund is part of SMBC's broader strategy to foster innovation and support the growth of the fintech ecosystem. By providing funding and resources to startups, SMBC aims to drive the development of new financial products and services that can benefit both consumers and businesses.
The fund's 10-year duration indicates SMBC's long-term commitment to the fintech and AI sectors. The partnership with Fin Capital will also bring a diverse range of expertise and investment perspectives to the fund, enhancing its ability to identify and support promising startups.
In summary, the establishment of the SMBC Fin Atlas Beyond Fund marks a significant step in SMBC's strategy to support innovation in the financial sector. By investing in AI and fintech startups, SMBC aims to drive the development of new financial products and services and remain at the forefront of technological advancements in the industry.
References:
[1] https://asia.nikkei.com/Business/Finance/SMBC-to-set-up-300m-fund-for-US-fintech-AI-startups
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