The financial giant "Mitsubishi UFJ Financial Group" will introduce a mechanism in Japan to make financing decisions for start-up companies with AI (artificial intelligence) within the next fiscal year.
The aim is to lead to quick financing and support the growth of start-up companies.
Many start-up companies are in the red until management gets on track, and many do not have land or buildings as collateral.
In the system introduced by Mitsubishi UFJ, AI is used to analyze data such as daily sales, payments to business partners, and trends in the number of users in real time to determine the growth potential of the business. This will speed up the loan screening process.
We would like to provide management advice based on the analysis results and support the growth of the company.
The company is working on financing startups overseas using this mechanism, such as in Southeast Asia, but as the government strengthens support for startups, we have determined that the need for financing will increase in Japan as well.
Hironori Kamezawa, President of Mitsubishi UFJ Financial Group, said, "Startups are important for the growth of the Japanese economy, but it was difficult to collect risk money using the conventional method. If we support more people who take on the challenge of starting a business by supporting them with a new system, It will also lead to our own growth, and we can expect a good cycle."