What's New In Investments, Funds? – SMBC, Incubate Fund

Editorial Staff

10 May 2023

Sumitomo Mitsui Banking Corporation, Incubate Fund
in Singapore.

The fund was set up to tap into SMBC’s network and Incubate Fund’s expertise in startup investments that IF has accumulated through its investment activities in India and Southeast Asia.

The fund has an investment period of 10 years; with $200 million of assets. It will invest in sectors such as lending tech; payment, supply chain finance, digital assets, and banking-as-a-service.

Since it was set up 2010, Incubate Fund has invested in more than 450 startups.