FinTech Program: Asia meets Tokyo
In November 2017, the Tokyo Metropolitan Government (TMG) formulated the “Global Financial City: Tokyo” Vision, with the aim of making Tokyo an unrivalled global financial center.
Accelerator program "FinTech Program: Asia meets Tokyo" held by TMG with the goal of inviting Asian FinTech startups with cutting-edge technologies and business models and deepen their knowledge of both Japan’s unique market and the various needs of companies in the capital city. Furthermore, by providing Tokyo companies the opportunity to familiarize themselves with technologies possessed by foreign companies, the program aims to cultivate business matching.
This year, there were applications from 52 companies in 9 countries / regions in Asia, and the following 8 companies were selected as Asian FinTech startups to participate in this program. By holding business plan pitch event, mentoring and business matching, we supported to realize future business development in Tokyo.
Asian FinTech Startups
|Company Name||: AIDA Technologies|
|Business Overview||: Insurance Invoice Solution driven by AI|
| The program has been most helpful for AIDA. We received valuable advice from mentors on how to enter the Japanese market and we had the opportunity to share AIDA's capabilities to major corporations and Venture Companies based in Japan.
|Company Name||: AIZEN Asia Pacific|
|Business Overview||: Credit Scoring Solution driven by Alternative Data|
| The program has provided us a unique opportunity to get exposure in the Japanese market, and valuable networks with financial institutions that we can co-create synergies with.
|Company Name||: Allinfra Ventures Limited|
|Business Overview||: Solution for Carbon Markets & Infrastructure Finance|
| We found the program to be well organized and beneficial in terms of connecting with and obtaining input from high quality Japanese corporations.
|Company Name||: CoverGo|
|Business Overview||: Platform to digitalize an Insurance Business|
| The program gave us a great overview of the Japanese fintech market and introduced us to potential clients and partners. We would be able to benefit even more if the program duration was longer and more insurance companies joined the program.
|Company Name||: IBSFINtech India Pvt Ltd.|
|Business Overview||: Comprehensive Risk Management Solution|
|The program was very well organized. We appreciate the efforts put in by the admin team members in ensuring the flawless execution of the program. The team provided us very useful inputs before the business matching/mentoring meetings which helped us tweak our presentation pitch and make the sessions more interactive. The inputs received from the admin team were very very beneficial.|
|Company Name||: Intensel|
|Business Overview||: Solution to analyze a Climate Risk|
| The Program is useful to get to introduced and connect to Tokyo based companies. The admin team is very passionate and keen to act as an intermediary between the startups and the local companies. We greatly appreciate that companies and mentors are willing to spend 1hr long learning about startups.
|Company Name||: Nextbillion.ai|
|Business Overview||: Cost-Efficient and Applicable Custom Mapping Solutions|
| Tokyo being a mega city and Japan a crucial developed market, we were very keen to learn more and engage with potential customers and investors via this program. We'll continue more research and have customer conversations based on the established network via Program.
|Company Name||: Tookitaki|
|Business Overview||: AML Analyzing Solution|
|The program was well structured to address the needs of startups looking to enter the Tokyo market. Business Pitch Plan Event introduced our company and solutions to a completely new audience, while the mentoring sessions helped us understand the market better. We also had an opportunity to interact with some high-profile companies and take important lessons for our expansion in Japan.|
Theme /Problem Statesment
List of Mentoring Companies
|Global Brain Corporation|
|ITOCHU ENEX CO.,LTD.|
|Mizuho Financial Group, Inc.|
|Nomura Holdings, Inc.|
|Shinkin Central Bank
Shinkin Innovation Hub
|Sompo Holdings, Inc.
SOMPO Digital Lab
|Sony Innovation Fund
|Sumitomo Mitsui Financial Group,Inc.|
|Tokio Marine Holdings, Inc.|
|Pitch Event||Accelerate business matching with companies in Japan via Business Plan Pitch by Asian startups
*Back by popular demand, the streaming period was extended to Feburary 5th 2021 and Pitch Event is now streaming on a Youtube.
|Mentoring by leading Companies boost your matching Opportunity
|Follow-Up||Business Development Center TOKYO(BDCT) supports you to establish your business in Tokyo from March 2021|
Sign Up form for Business Plan Pitch Event
This event released as an on-demand webinar from January 18th,2021 2pm JST to February 5th,2021 11:59pm, JST（*）
（*）Back by popular demand, the streaming period was extended
|Contents||Selected Asian FinTech Startups pitched their business plan to operate in Tokyo.|
|Introduction of the program
|Message from the Governor
Governor of Tokyo
|Message from a company in Tokyo
|Mr. MATSUMOTO Oki Monex Group,Inc.
Chairman & CEO
|Business plan pitch
|Asian FinTech Startups|
|Message from a startup expanded in Tokyo
|Ms. YONEOKA Waki Managing Director, Japan
|Introduction for business matching
Tokyo's attractiveness for Asian FinTech Startups
|Leading Financial City||・No.1 City as GDP per city (Brookings Institution)
・3700 Listed Companies *World's Best 2 (The World Federation of Exchanges)
|Business Opportunities||・The FinTech market in Japan is expected to grow 4 times by 2022 from 4 Billion USD in 2019 (Yano Research)
・Simplified procedures and supports from BDCT
|Living Environment||・High-Standard Infrastructure for Business Operations
・World’s Safest City (Economist)
・World’s Best City to Live (Global Finance)