Japan’s two largest banks take equity stake in global SaaS-based treasury software vendor
TOKYO –July 9, 2014: Kyriba Japan Co., Ltd., the Japanese subsidiary of Kyriba, the leader in cloud-based treasury management solutions, has received strategic investments from Mitsubishi UFJ Capital and Mizuho Capital, the venture arms of Japan’s two largest banks. The investments from the two VCs will help accelerate its growth in Japan and in other Asian countries.
“Kyriba has already established itself across Europe and North America as a major player in corporate treasury management software, and we are confident that it can replicate this growth in Japan and Asia,” said Kei Andoh, president at Mitsubishi UFJ Capital. “Increased use of solutions such as Kyriba, which provide a single, secure and global view of an organization’s liquidity position, enables Japanese multinationals to regain control of their overseas subsidiaries’ finances. This increases their overall cash visibility and strengthens their financial position.”
“Kyriba Japan has seen tremendous growth since it was established two years ago, signing a broad range of high profile clients in areas as diverse as business equipment, retail and food manufacturing,” said Jun-ichiro Kuwano, managing director at Kyriba Japan. “This investment from Mitsubishi UFJ Capital and Mizuho Capital will enable us to accelerate our growth and continue to reinforce our position as the leader in cloud-based treasury management solutions.”
“I look forward to Kyriba helping many Japanese companies improve the way treasury is handled, and also increase treasury and cash management efficiency,” said Masakazu Kawabata, president at Mizuho Capital.
Terms and conditions of the two investments have not been disclosed.
About Mitsubishi UFJ Capital
Mitsubishi UFJ Capital is part of the Mitsubishi UFJ Financial Group, a premier, comprehensive global financial group. It has invested in a lot of start-up companies and helped more than 800 companies go public since its establishment as a former Diamond Capital in 1974. Mitsubishi UFJ Capital partners with the best high-growth, venture-backed companies, furthering their growth and supporting them through the IPO process.
About Mizuho Capital
Mizuho Capital provides consulting and investment services to small- and medium-sized venture backed businesses. We leverage the comprehensive financial strength of Mizuho Financial Group and we are actively engaged with our portfolio to enable businesses and entrepreneurs to drive business and increase growth.