June 13th, 2023. MUFG Innovation Partners Co., Ltd. (MUIP), a corporate venture capital fund and a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG), has recently invested in LayerX Inc. (LayerX) through MUFG Innovation Partners No. 2 Investment Partnership.
【Corporate Profile】
Name：LayerX Inc.
Date of Establishment：August, 2018
Headquarters：Nihonbashi, Chuo-ku, Tokyo
CEO：Yoshinori Fukushima
LayerX is a SaaS+Fintech startup focused on corporate expense management with the mission of “digitizing all economic activities”. LayerX’s core business, “Bakuraku” enables smooth and integrated experience for use cases such as ” expense reimbursement”, “invoices”, “electronic bookkeeping” and “corporate cards”. As it also supports Japan’s Electronic Books Maintenance Act, users can achieve both operational efficiency and compliance with laws and regulations. In addition to “Bakuraku”, LayerX also develops and operates Mitsui & Co. Digital Asset Management, a joint venture aiming to become a digitally native asset management company, and the privacy tech business, “Anonify”, which aims to utilize data safely and securely across organizations through its privacy protection technology.
Through this investment in LayerX, MUIP will explore various forms of collaboration between LayerX and MUFG to provide new services and resolve issues that MUFG and its customers are facing pertaining to corporate expenditure management.
About MUIP :
MUIP was established in January 2019 as the corporate venture capital of Japan’s leading financial group, MUFG, to promote its open innovation strategy.
MUIP currently runs 3 funds (about 450 million USD in total), working on strategic investments in startups globally and driving business collaboration between the startups and MUFG group companies.
For more information, visit https://www.ip.mufg.jp/.
About LayerX :
LayerX is a SaaS+Fintech startup focused on corporate expense management with the mission of “digitizing all economic activities”. The company develops and operates “Bakuraku”, a corporate expense management service, Mitsui & Co. Digital Asset Management, a joint venture aiming to become a digitally native asset management company, and the privacy tech business, “Anonify”, which aims to utilize data safely and securely across organizations through its privacy protection technology.
For more information, visit https://layerx.co.jp/.
