The Action Community for Entrepreneurship (ACE), a national private-led organisation with the mission to drive innovation and entrepreneurship in Singapore, today signed a Memorandum of Understanding (MoU) with Fukuoka City Government (“Fukuoka City”) with the aim to promote Japan-Singapore bilateral technological and economic developments.
This is the first overseas collaboration formed by the ACE International Centre (ACEIC) further to its launch earlier this month. As part of the Government’s efforts to boost Singapore’s startup scene under the Startup SG brand, the ACEIC has been set up as a dedicated one-stop centre to support startups in international growth and expansion.
With a relatively less conservative regulatory environment, supported by government-led initiatives and deregulation, the innovation standards in the Japanese fintech ecosystem are much higher than the rest of the world. Bank of Japan even tested out blockchain technology to check for feasibility and viability last year as a way to understand the latest in technology.
While innovation around cryptocurrency is one of the most popular categories, the other categories of fintech are gaining ground. We look at the fintech market in Japan to identify the leading companies that are contributing to this growth.
Here’s the first comprehensive list of the top fintech companies in Japan by Fintech Asia.