MUFG to acquire a 70% stake in Kanmu from FreakOut Holdings for $150m.

Mitsubishi UFJ, a financial services company, agreed to acquire a 70% stake in Kanmu, a fintech company, from FreakOut Holdings, a technology solutions group, for $150m. "I am very pleased to be able to do business with Kamm through a capital and business alliance. Going forward, we will continue to work with Kamm to provide safe, secure, convenient, and high-quality financial services in line with changes in the social environment, with the aim of further improving customer satisfaction," Masakazu Osawa, MUFG Director, Managing Executive Officer.