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Who We Are

Why we built Fukugu the way we did

Fukugu was founded in Tokyo in 2017 with a clear purpose: to build payment infrastructure in Japan that is robust enough for enterprises, trusted by regulators, and accessible to everyday users.

Licensed as a Type 2 Fund Transfer Service Provider under the Payment Services Act, Fukugu operates regulated payment rails that handle the complexity of Japan's financial and compliance requirements — allowing our clients to focus on their products and services rather than regulatory infrastructure.

We work alongside banks and financial institutions, not in competition with them, integrating with the banking system to deliver reliable and compliant payment execution.

Our infrastructure-first approach means that every service — whether an API for a fintech platform, a dashboard for a corporate treasury team, or Fukupochi, our application-based interface for individuals — operates on the same licensed, audited, and continuously monitored payment rails.

Compliance as infrastructure

AML/CFT controls, transaction monitoring, and regulatory reporting are built into every payment flow — not added as a layer on top.

Infrastructure first

We operate the regulated rails. User-facing applications are built on top — keeping the licensed core stable and independent.

Japan-rooted, globally minded

Deeply integrated with Japan's financial ecosystem, with cross-border capabilities and a design built for global interoperability.

Company Details

Registered particulars

Company name
Fukugu K.K.
Formerly
Curfex Japan K.K.
Representative
Lee Wee Keat
Business
Fund transfer service provider
Assignment and agency service-related settlement process
Other business incidental or related to those mentioned above
Established
May 26, 2017
Capital
JPY 22,000,000
Address
Otemachi Building 4F, 1-6-1 Otemachi,
Chiyoda-ku, Tokyo 100-0004

Leadership

WK

Lee Wee Keat

Representative Director

Chartered Financial Analyst (CFA) and Fintech Founder with almost 20 years of experience spanning the digital payment space, M&A execution, corporate strategy, and award-winning equity research. Proven track record of leading transactions in excess of US$1 billion and delivering top-decile returns for institutional clients across Asia-Pacific. Currently leading a regulated FX platform across four jurisdictions — Hong Kong, Japan, Australia, and Malaysia — bridging traditional finance with institutional-grade digital infrastructure.

Regulatory Status

Licensed and regulated in Japan

Fukugu holds a Type 2 Fund Transfer Service Provider licence issued by the Kanto Local Finance Bureau — permitting the execution of regulated fund transfers on behalf of clients under Japan's Payment Services Act.

Licence

Licence type Type 2 Fund Transfer Service Provider
Registration number No. 00059
Issuing authority Kanto Local Finance Bureau (関東財務局長)
Regulatory basis Payment Services Act (資金決済法)

Association

Membership Japan Payment Service Association (JPSA)
Membership Fintech Association of Japan (FAJ)
Association role Full member — industry bodies for licensed fund transfer operators and fintech companies in Japan

Compliance framework

AML / CFT Full controls — transaction monitoring, customer due diligence, suspicious activity reporting
Internal audit Independent internal audit framework designed and led by Deloitte Tohmatsu Risk Advisory — aligned to FSA Administrative Guidelines and AML/CFT requirements
Fund safeguarding Customer funds segregated in accordance with the Payment Services Act
Regulatory reporting Regular filings with the Kanto Local Finance Bureau
History

How we got here

From a focused fintech start to a trusted infrastructure provider — Fukugu's history is one of steady, compliance-led growth.

Origin

Founded & first steps

Curfex Japan K.K. established in Tokyo with a clear purpose — to build regulated payment infrastructure for Japan. Invited into the FinoLab community. Core banking partnerships begun and payment rails development started.

Licensed

Licensed & operational

Fund Transfer Operator licence secured from the Kanto Local Finance Bureau (No. 00059). Joined the Japan Payment Service Association (JPSA) and the Fintech Association of Japan (FAJ). Outbound payout and AML/CFT compliance infrastructure built out. Payment rails completed.

First 100

First clients

First 100 corporate clients onboarded. Over 25,000 transactions processed — early validation of the platform's reliability and compliance framework.

Core infra

Institutional infrastructure

Core IT infrastructure strengthened with SilverLake, renowned for enterprise banking infrastructure development. Platform prepared for scale.

Scale

Scaling

Corporate client base grew close to 10× from initial onboarding. Cumulative transactions processed growing more than 17×. Cumulative payments processed surpassing ¥168.9 billion. Collection product line launched.

New chapter

Rebranded & restructured

Renamed from Curfex Japan K.K. to Fukugu K.K., reflecting the company's evolution into a broader payment infrastructure platform. Infrastructure restructured to support enterprise, platform, and consumer use cases.

Name verified

Account Name Verification

Among the first licensed operators in Japan to implement Account Name Verification — confirming recipient account names against bank records before any transfer is executed, stopping misdirected payments and fraud at source.

Fukupochi

Consumer layer launched

Fukugu's consumer payment service launched, built directly on the licensed infrastructure. Dashboard live now. Mobile app in development.

Want to know more?

Talk to our team — whether you're exploring API access, enterprise integration, or a partnership.

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