, Japan
108 views

Japan’s fintech funding on track to extend four year decline streak in 2022

The $300m in funding secured in H1 was less than half of 2021’s full-year investment value.

Funding to Japanese financial technology (fintech) firms is on track to halve in 2022, extending the downward trend that began at least since 2018.

Data compiled by Fintech Global found that fintech investments in the first half of the year totalled just $300m, barely half of the $1.2b recorded for the full year of 2021. 

Per quarter, Q2 logged $240m in investments across 10 deals, a four-fold increase from Q1 numbers.

ALSO READ: Japan fintech investments fall to five-year low in Q1

E-commerce payment gateway Opn inked the largest deal in H1, raising $120m for their series C funding round from MUFG Bank, Mars Growth Capital, and JIC Venture Growth Investments.

Per sector, Blockchain & Crypto was the most active for H1, with eight deals in total.

Fintech investments in Japan have been falling for at least the past four years. In 2018, Japanese fintechs received $4.8b across 215 deals. The number was halved to $2.2b in 2019 despite logging more deals, at 240.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

SMBC, Fujitsu Limited to create data analytics business
Japanese companies reportedly want data-driven operations to improve efficiency.
Retail Banking
India’s credit card spend slumps 9% MoM to 7-month low
Whilst spending grew 12% YoY, the pace of growth has slowed compared to previous months.
CommBank establishes tech hub in Seattle
The first cohort focuses on learning to fast track adoption of agentic AI and gen AI solutions.

Exclusives

Philippine central bank eyes AI rules for banks
Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.
RCBC boosts rural presence with ATM Go
The service, which allows cardless transfers, is now available in all Philippine cities.
BCA superapp drives digital transaction growth
Inter-account transfers were the most widely used service, followed by virtual payments.