MioTech Raises Additional Financing from J.P. Morgan Asset Management and HSBC Asset Management’s Financial Technology Venture Capital Fund

HONG KONG, Oct. 25, 2021 /PRNewswire/ — MioTech introduced right now that it has secured investments from J.P. Morgan Asset Administration and HSBC Asset Administration’s Monetary Expertise Enterprise Capital Fund. That is an extension to its newest sequence B+ funding spherical led by Guotai Junan Worldwide and GIC. The corporate’s earlier traders embrace ZhenFund, Horizons Ventures, TOM Group, Moody’s, and HSBC.

The brand new investments mark the fourth funding spherical MioTech has accomplished previously twelve months, additional solidifying MioTech because the main AI-based sustainability knowledge and expertise supplier in Asia and throughout the globe. The brand new capital will go towards accelerating expertise acquisition, enlargement into new worldwide markets, in addition to creating present and new product strains. With rising regulatory stress and evolving investor, company and shopper demand, MioTech expects to seize fast-growing market wants for inexperienced tech and sustainability options with its proprietary applied sciences.

“MioTech is a worldwide firm,” stated Jason Tu, Co-founder and CEO of MioTech. “J.P. Morgan Asset Administration and HSBC Asset Administration are world-renowned traders. Along with our present traders, they’ll assist us develop our enterprise strains and footprints throughout the globe. We sit up for connecting China, Asia, and the entire world with our sustainable applied sciences.”

“We’re thrilled to turn into a strategic investor in MioTech and associate with the corporate to advance our sustainable investing efforts in China, with better entry to a large and evolving vary of different ESG knowledge units,” stated Jennifer Wu, World Head of Sustainable Investing, J.P. Morgan Asset Administration.

“MioTech’s capability to make the most of AI to collect and assess unstructured ESG knowledge units will present helpful inputs to our elementary analysis. It will improve our consideration of fabric ESG dangers and alternatives in our energetic funding processes and assist us to help our world and China shoppers in making sustainable funding choices. With helpful experience into the ESG knowledge and components which are distinctive to China, MioTech’s capabilities will even assist to advance the event of our proprietary quantitative ESG scoring system,” she added.

Remi Bourrette, Head of Enterprise and Development Investments, HSBC Asset Administration stated: “The monetary business is at a turning level the place it has began to embrace sustainability and now should absolutely embed it in its operations, product design and danger administration. We consider MioTech’s expertise and options give it a definite benefit within the area and that the corporate will turn into a serious participant on this transition. We’re delighted to offer traders of our newly launched VC fund with publicity to such a promising firm in a key progress space.”

ABOUT MIOTECH

MioTech makes use of synthetic intelligence to resolve the sustainability, local weather change, carbon emissions discount, and social accountability challenges confronted by monetary establishments, firms, and people. Its complete protection of ESG knowledge helps monetary establishments make the best choices in inexperienced finance and accountable investments. Its software program helps firms handle ESG reporting, enhance vitality effectivity, monitor and scale back carbon emissions. Its app builds green-conscious communities and promotes low-carbon life amongst people.

MioTech has places of work in Hong Kong, Shanghai, Beijing, and Singapore. Its world-renowned traders embrace ZhenFund, Horizons Ventures, TOM Group, Moody’s, HSBC, Guotai Junan Worldwide, GIC, J.P. Morgan Asset Administration, and HSBC Asset Administration’s Monetary Expertise Enterprise Capital Fund.

For extra info, please go to https://www.miotech.com

ABOUT J.P. MORGAN ASSET MANAGEMENT

J.P. Morgan Asset Administration, with belongings beneath administration of USD $2.7 trillion (as of 30 September 2021), is a worldwide chief in funding administration. J.P. Morgan Asset Administration’s shoppers embrace establishments, retail traders and excessive internet price people in each main market all through the world. J.P. Morgan Asset Administration affords world funding administration in equities, fastened earnings, actual property, hedge funds, non-public fairness and liquidity.

JPMorgan Chase & Co. (NYSE: JPM) is a number one monetary providers agency based mostly in america of America (“U.S.”), with operations worldwide. JPMorgan Chase had USD $3.eight trillion in belongings and USD $290.zero billion in stockholders’ fairness as of September 30, 2021. The Agency is a pacesetter in funding banking, monetary providers for shoppers and small companies, industrial banking, monetary transaction processing and asset administration. Below the J.P. Morgan and Chase manufacturers, the Agency serves tens of millions of shoppers within the U.S., and lots of the world’s most outstanding company, institutional and authorities shoppers globally. Details about JPMorgan Chase & Co. is obtainable at www.jpmorganchase.com.

ABOUT HSBC ASSET MANAGEMENT’S FINANCIAL TECHNOLOGY VENTURE CAPITAL FUND

HSBC Asset Administration launched a brand new enterprise capital funding technique, the HSBC Monetary Expertise Enterprise Capital Fund, in July 2021 which is geared toward investing in firms that may take part within the transformation of economic providers. The Fund offers shoppers with publicity to B2B firms which provide both software program or monetary providers to enterprises or establishments.  It should usually take part in sequence A and B funding rounds of firms with enterprise exercise in Europe and Asia.  The Fund is run by Remi Bourrette, Head of Enterprise & Development Investments and Kara Byun, Director, Enterprise & Development Funding.

HSBC ASSET MANAGEMENT

HSBC Asset Administration, the funding administration enterprise of the HSBC Group, invests on behalf of HSBC’s worldwide buyer base of retail and personal shoppers, intermediaries, corporates and establishments by each segregated accounts and pooled funds. HSBC Asset Administration connects HSBC’s shoppers with funding alternatives all over the world by a global community of places of work in 25 nations and territories, delivering world capabilities with native market perception. As at 30 September 2021, HSBC Asset Administration managed belongings totaling US$619bn on behalf of its shoppers. For extra info, see www.assetmanagement.hsbc.com/uk

HSBC Asset Administration is the model title for the asset administration enterprise of HSBC Group, which incorporates the funding actions offered by our native regulated entity, HSBC World Asset Administration (UK) Restricted.

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SOURCE MioTech