Japan's SMBC, Incubate Fund launch new vehicle in SG for fintech investments

Japan's SMBC, Incubate Fund launch new vehicle in SG for fintech investments

Passersby are reflected on the company logo of SMBC Nikko Securities Inc in Tokyo January 29, 2013. REUTERS/Shohei Miyano

Sumitomo Mitsui Banking Corp. (SMBC) and Incubate Fund, a Tokyo-based venture capital company, have jointly set up a fund in Singapore to invest in promising fintech and other startups in Asia.