Nomura confirms $25m investment in Japanese fintech firm

Nomura Asset Management (NAM), the Japanese holding company, has invested $25m in 8 Securities, a fintech company also based in Japan, it was announced yesterday.

NAM will acquire ordinary shares issued by 8 Securities and 8 Limited. NAM plans to invest around 1.6bn yen ($15m) in 8 Securities and will hold a majority of the outstanding shares.

The investment in 8 Limited will be approximately 1.1bn yen, and NAM will become a minority shareholder. NAM intends to make the respective investments in early April.

Based in Japan, 8 Securities provides discretionary robo-advisory services through iOS and Android mobile apps using exchange-traded funds (ETFs). 8 Limited also provides mobile app robo-advisory and online brokerage services in Hong Kong, through local affiliate FinTech company 8 Securities Limited (collectively known as 8 Group).

Launched in 2012, 8 Securities was founded by Mathias Helleu, executive chairman, and Mikaal Abdulla, CEO.

Collaboration

By collaborating with the 8 Group, NAM aims to leverage the functions of the 8 Securities platform to deliver high value-added services to its clients. NAM also aims to provide these services to other financial institutions.

8 Securities is preparing to offer NAM index funds. NAM and 8 Securities will work together to develop the necessary app with the aim of launching the product from this fall. NAM will also pursue strategic collaboration with the 8 Group in fintech areas in Asia.

Commenting on the partnership, Abdulla said: “The newly injected capital will enable 8 Securities Group to accelerate customer growth, develop new products and R&D, increase the size of the software development team and expand into new geographies.”

ABOUT THE AUTHOR
Christopher Copper-Ind
Christopher Copper-Ind is Editor of International Investment. He has extensive experience of the publishing industry having worked across the Middle East and Europe. He oversees the content across all its formats together with the business development for International Investment.

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