Abstract
The fintech industry began to develop amid investment into U.S.-based startups at an astonishing rate starting around 2010, and, influenced by overseas trends, the word “fintech” began to gain popularity in Japan from around 2015.
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Notes
- 1.
For the purposes of this chapter, Asia excludes Japan.
- 2.
LendingClub’s business model is based on credit scoring individuals and small and medium-sized enterprises (SMEs) seeking loans and helping them find loans at interest rates calculated based on loan loss risks.
- 3.
Parent company of payment platform Alipay, which Japanese consumers are also familiar with.
- 4.
A strategy that bypasses stages of the path taken by developed countries to directly incorporate the latest infrastructural system is called leapfrogging.
- 5.
From a 2018 press release by AUN Consulting, Inc.
- 6.
SoFi calls them HENRY (High Earners Not Rich Yet).
- 7.
“Hijojo” in the company name “HiJoJo Partners” means “unlisted” in Japanese, and one of the missions of the company is to encourage and support unlisted companies and help them go public when they are ready for it. The company’s aim is to establish systems to help unlisted companies raise funds and enable late-stage investments, thereby contributing to the creation of a large number of unicorns in Japan like in the U.S.
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Mentzas, S. (2021). Fintech’s Impact on International Capital Markets. In: Kaji, S., Nakatsuma, T., Fukuhara, M. (eds) The Economics of Fintech. Springer, Singapore. https://doi.org/10.1007/978-981-33-4913-1_7
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DOI: https://doi.org/10.1007/978-981-33-4913-1_7
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