FilingReader Intelligence
Money Forward, SMBC form digital banking joint venture
July 22, 2025 at 12:02 PM UTC•By FilingReader AI
Money Forward announced a 50-50 joint venture with Sumitomo Mitsui Banking Corporation to develop digital banking and BaaS services.
SMBC will invest 2.75 billion yen in the venture, called SMBC Money Forward Bank Preparatory Corporation, which will transition from Money Forward's wholly-owned subsidiary SMF Inc.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
TSE:3994•Tokyo Stock Exchange
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