Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups, announced that Geoff Paul has joined the bank as Managing Director and Head of Equity Capital. In this newly created role, Paul will be responsible for developing MUFG’s Equity Private Placements (EPP) business, allowing the bank to expand its traditional equity capital markets footprint and…
Insurance marketplace InsuranceDekho has raised $60 million in its ongoing Series B funding round from Japanese financial services major Mitsubishi UFJ Financial Group, BNP Paribas Cardif, which put money through its insurtech fund, and Beams Fintech, according to ETtech report. The family office of Yogesh Mahansaria, managing director of Mahansaria Tyres, a major tyre manufacturer,…
Cyril Amarchand Mangaldas advised DMI Finance Private Limited (DMI Finance), a RBI registered Non-banking Financial Company (NBFC), on its USD 400 million equity fundraising led by Mitsubishi UFJ Financial Group, Inc (Mitsubishi UFJ). DMI Finance is a digital lender with products, including consumption, personal and MSME loans. Cyril Amarchand Mangaldas advised the DMI Group on the vendor due diligence…
Akulaku, a leading banking and digital finance platform in Southeast Asia, announced a $200 million investment from Japanese megabank Mitsubishi UFJ Financial Group (MUFG). The investment provides additional support for Akulaku’s projected growth as it advances towards its mission of providing banking services across Southeast Asia with an emphasis on reaching underserved customers and markets. The Company’s future growth…
Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups, announced that it has hired Rajesh “Raj” Kapadia as International Head of Capital Markets, effective January 2021. Kapadia will be based in New York and will report globally to Ko Oshima, International Supervision Executive of Capital Markets in Tokyo. He will have global…
Singapore-based ridesharing startup Grab, recently announced that it has raised more than $850mn from Japan’s Mitsubishi UFJ Financial Group Inc and TIS Inc. With the recent investment, the company plans to bankroll its expansion into financial services in the region. According to joint statements from the companies, the sum includes $706 million from Japan’s largest…