Latest news with #SBIHoldingsInc.
Bloomberg
08-04-2025
- Business
- Bloomberg
SBI Said to Weigh Selling a Minority Stake in Crypto Unit B2C2
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. A unit of Japanese financial services conglomerate SBI Holdings Inc. is exploring selling a minority stake in cryptocurrency market maker B2C2, according to people familiar with the matter.
Bloomberg
17-02-2025
- Business
- Bloomberg
SBI-Backed Japan Robo-Adviser Folio Targets Swing to Profit, IPO
Japanese robo-adviser Folio Holdings Co. is looking to go public as the SBI Holdings Inc.-backed startup zeros in on profitability in a market primed for expansion, Chief Executive Officer Shinichiro Kai said in an interview. Kai told Bloomberg he expects the Tokyo-based firm to become profitable and launch an initial public offering 'in the not-so-distant future.' Japan's robo-adviser market, estimated to be worth around ¥3 trillion ($19.8 billion), has massive room for growth, he added.
Bloomberg
07-02-2025
- Business
- Bloomberg
SMFG and SBI Said to Be Planning JV for Japan's Emerging Rich
Sumitomo Mitsui Financial Group Inc. and SBI Holdings Inc. are considering teaming up to start a business that will provide digital wealth management services for customers that aren't the richest in Japan but still prosperous, people familiar with the matter said. The plan is for the new joint venture to be funded by two SMFG firms, Sumitomo Mitsui Banking Corp. and SMBC Nikko Securities Inc., and SBI Securities Co., part of the Tokyo-based SBI financial group, said the people, who asked not to be identified discussing matters that aren't public. Details such as investment amount and how that will be split up are being finalized, and the new company may be announced as early as the end of March.
