SC Ventures has operations across Asia, Africa, and the Middle East. Credit: Can Pac Swire/Flickr (Creative Commons)

SC Venture, the fintech investment and ventures arm of Standard Chartered, has signed a memorandum of understanding (MoU) with Japan’s SBI Holdings. 

The MoU is aimed at expanding the firm’s portfolio at both business and geographic levels and exploring new ecosystems. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Both SC Ventures and SBI seek to transform the financial services space by building and investing in the “ecosystem” of new companies.

The agreement covers three main areas that include the opportunity to collaborate and co-invest in portfolio companies including the option to set up joint venture funds. 

Both the firms aim to come together on business development to establish and scale operations leveraging each other’s geographic presence. 

The third area SC Ventures and SBI will collaborate on is developing ecosystems around specific themes such as SMEs, supply chain, digital assets decentralised finance and Web 3.0 among others. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“The MOU offers an opportunity for SBI and SC Ventures to mutually benefit from the collective breadth of investment expertise and complementary global footprints,” it noted.

SC Ventures has operations across Asia, Africa, and the Middle East, whereas Japan-based SBI is present in the Southeast Asian region.

In March this year, Standard Chartered Bank (China) signed an agreement with Shenzhen Angel FoF Management to develop fintech companies in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

Most recently, Standard Chartered announced its retreat from seven markets across Africa and the Middle East (AME) region.