MUFG Innovation Partners Co., Ltd. (MUIP), the corporate venture capital arm and a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG), recently invested in Lecto, Inc. (Lecto) through MUFG Innovation Partners No. 3 Investment Partnership.
Corporate Profile
Name: Lecto, Inc.
Date of Establishment: January 2021
Headquarters: Tokyo
CEO: Yutaka Koyama
Lecto aims to eliminate financial friction and unlock human potential through its Lecto Platform, which improves the experience for both debtors and collectors by digitalizing debt management, collection and recovery operations.
Since its launch in March 2021, the Lecto Platform has been adopted by companies across a wide range of industries and services, including financial services, subscription services, public services, real estate rental services, and communication services.
The types of debts incurred by debtors have become more diverse, as financial regulations and payment behaviors evolved with the growth in subscription businesses. As a result, debt management, collection, and recovery are more important than ever. We are exploring the possibility of collaboration between MUFG and Lecto to support Lecto’s business of digitizing the traditionally manual back-end operations of debt management and collection.
About MUIP
MUIP was established in January 2019 as the corporate venture capital arm of Japan’s leading financial group, MUFG, to promote its open innovation strategy.
MUIP currently runs 5 funds (about 650 million USD in total), making 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 Lecto
Lecto is a fintech company that provides debt collection and recovery tech. Lecto aims to solve end-to-end challenges in debt management (customer management) and recovery, from collection to off-balance, by improving the cumbersome and complex workflows in financial and retail subscription services that often become too dependent on individual relationships, thereby enhancing customer satisfaction and user experience.
For more information, visit https://lecto.co.jp/.
