The Tokyo Stock Exchange (TSE) recently announced the addition of new venture capital partners, including CDIB Capital Group, to its "Asia Startup Hub" initiative. This program has selected 14 startups from six countries—Taiwan, South Korea, Singapore, Malaysia, Indonesia, and Vietnam—for mentorship. Among these are four Taiwanese startups—KKday, NextDrive, 21st FinTech, and Ubitus—considered potential candidates for an initial public offering (IPO) in Japan.
These companies operate in popular sectors such as drones, healthcare, artificial intelligence (AI), Internet of Things (IoT), SaaS, fintech, and content industries. Taiwan has already seen successful listings in Japan, including Trend Micro in 1998 and Appier in 2021, with the latter upgrading to the Prime Market a year later.
NextDrive: Focuses on power management solutions, targeting the Japanese market.
Ubitus: A cloud gaming solution provider, recently gaining investment interest from NVIDIA CEO Jensen Huang.
21st FinTech: Specializes in fintech, with its TapPay system as a key partner for Apple’s "iPhone Tap to Pay" function in Taiwan.
KKday: A travel experience e-commerce platform, actively expanding into overseas markets.
Launched in March of this year, the TSE's Asia Startup Hub initiative aims to help these startups expand into the Japanese market, providing IPO guidance and promoting cross-border business growth.
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