MioTech Raises Additional Funding From JP Morgan Asset Management and HSBC Asset Management FinTech Venture Fund


MioTech reinforces its commitment to develop sustainability innovations that support a net zero global economy.

Posted: October 25, 2021 at 6:00 p.m. CDT|Update: 3 hours ago

HONG KONG, Oct. 25, 2021 / PRNewswire / – MioTech announced today that it has secured investments from JP Morgan Asset Management and HSBC Asset Management’s Financial Technology Venture Capital Fund. This is an extension of his latest Serie B + round table led by Guotai Junan International and GIC. The company’s primary investors are ZhenFund, Horizons Ventures, TOM Group, Moody’s and HSBC.

The new investments mark the fourth round of funding that MioTech has completed over the past twelve months, further strengthening MioTech as a leading provider of data and AI-powered sustainability technologies in Asia and across the world. The new capital will be used to accelerate the acquisition of talent, expansion into new international markets, as well as the development of existing and new product lines. Faced with increasing regulatory pressure and changing demands from investors, businesses and consumers, MioTech expects to meet the growing market needs for green technologies and sustainability solutions through its proprietary technologies. .

“MioTech is a global company,” said Jason you, co-founder and CEO of MioTech. “JP Morgan Asset Management and HSBC Asset Management are world-class investors. Together with our existing investors, they will help us grow our lines of business and our footprints around the world. We can’t wait to connect China, Asia, and the whole world with our sustainable technologies. “

“We are delighted to become a strategic investor in MioTech and to partner with the company to advance our sustainable investment efforts in China, with better access to a broad and scalable range of alternative ESG datasets, ”said Jennifer wu, Global Head of Sustainable Investing, JP Morgan Asset Management.

“MioTech’s ability to use AI to collect and assess unstructured ESG datasets will provide valuable contributions to our fundamental research. This will improve our consideration of material ESG risks and opportunities in our active investment processes and help us support our China clients to make sustainable investment decisions. With valuable expertise in ESG data and factors that are unique to China, MioTech’s capabilities will also help advance the development of our proprietary quantitative ESG rating system, ”she added.

Remi Bourrette, Head of Venture and Growth Investments, HSBC Asset Management said: “The financial industry is at a crossroads where it has started to embrace sustainability and now needs to fully integrate it into its operations, product design and asset management. risks. We believe that the technology and solutions give it a distinct advantage in the space and that the company will become a major player in this transition. We are delighted to offer investors in our new venture capital fund exposure to such a promising company in a key growth area.

ABOUT MIOTECH

MioTech uses artificial intelligence to solve sustainability, climate change, carbon reduction and social responsibility issues facing financial institutions, businesses and individuals. Its comprehensive ESG data coverage helps financial institutions make the right decisions about green finance and responsible investments. Its software helps companies manage ESG reports, improve energy efficiency, track and reduce carbon emissions. Its application creates environmentally conscious communities and promotes low carbon lifestyles among individuals.

MioTech has offices at Hong Kong, Shanghai, Beijing, and Singapore. Its world-renowned investors include ZhenFund, Horizons Ventures, TOM Group, Moody’s, HSBC, Guotai Junan International, GIC, JP Morgan Asset Management and HSBC Asset Management’s Financial Technology Venture Capital Fund.

For more information, please visit https://www.miotech.com

ABOUT JP MORGAN ASSET MANAGEMENT

JP Morgan Asset Management, with assets under management in USD $ 2.7 trillion (from September 30, 2021), is a world leader in investment management. JP Morgan Asset Management clients include institutions, retail investors and high net worth individuals in all major markets around the world. JP Morgan Asset Management offers global management of investments in stocks, bonds, real estate, hedge funds, private equity and liquidity.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services company based in United States of America (“US”), with operations worldwide. JPMorgan Chase had USD $ 3.8 trillion in assets and in USD $ 290.0 billion in equity at September 30, 2021. The company is a leader in investment banking, consumer and small business financial services, commercial banking, financial transaction processing and asset management. Under the JP Morgan and Chase brands, the firm serves millions of clients in the United States and many of the world’s largest businesses, institutions and governments. Information on JPMorgan Chase & Co. can be found at www.jpmorganchase.com.

ABOUT THE HSBC ASSET MANAGEMENT FINANCIAL TECHNOLOGY VENTURE CAPITAL FUND

HSBC Asset Management has launched a new venture capital investment strategy, the HSBC Financial Technology Venture Capital Fund, in July 2021 which aims to invest in companies that will participate in the transformation of financial services. The Fund provides its clients with exposure to B2B companies that offer software or financial services to businesses or institutions. It will generally participate in the rounds of rounds of series A and B of companies having a commercial activity in Europe and Asia. The Fund is managed by Remi Bourrette, responsible for venture capital and growth investments and Kara byun, Director, Venture Capital and Growth Investments.

HSBC ASSET MANAGEMENT

HSBC Asset Management, the investment management business of the HSBC Group, invests on behalf of HSBC’s global clientele of individuals and individuals, intermediaries, businesses and institutions through segregated accounts and mutual funds. HSBC Asset Management connects HSBC clients with investment opportunities around the world through an international network of offices in 25 countries and territories, providing global capabilities with local market knowledge. Like a September 30, 2021, the assets managed by HSBC Asset Management totaling $ 619 billion on behalf of its clients. For more information, see www.assetmanagement.hsbc.com/uk

HSBC Asset Management is the brand name for the asset management business of the HSBC Group, which includes the investment activities provided by our local regulated entity, HSBC Global Asset Management (UK) Limited.

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SOURCE MioTech

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