MUFG Pension & Market Services acquires GROW

● STRATEGIC | FINTECH

AUGUST 31, 2026

MUFG Pension & Market Services (MUFG) acquires GROW Inc

TARGET

Distributed-ledger superannuation administration software (DLTA platform) and member-experience technology serving Australian super funds and managed fund administrators.

Ownership	VC-backed
Investors	AirTree Ventures, Five V Capital
Capital raised	$25M
Headcount	201-500 FTEs
Headquarters	Sydney, New South Wales, Australia
Leadership	John Banfield, Chief Executive (GROW) Frank Lombardo, Chief Executive (MUFG Retirement Solutions ANZ)
Sell-side advisor	—

ACQUIRER

MUFG Pension & Market Services

Superannuation administration and technology services provider operating the MUFG Retirement Solutions division in Australia.

Ownership	Subsidiary
Parent	MUFG
Headquarters	Australia
Leadership	Vivek Bhatia, CEO & Managing Director
Buy-side advisor	—

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MUFG Pension & Market Services -> GROW Inc  (2026-09-04)
strategic_acquisition | FinTech | announced
Target: Distributed-ledger superannuation administration software (DLTA platform) and member-experience technology serving Australian super funds and managed fund administrators.
Website: grow.inc | Buyer site: mpms.mufg.com
HQ: Sydney, New South Wales, Australia | Ownership: vc-backed | Buyer sponsor: MUFG | Buyer ownership: subsidiary
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/mufg-pension-market-services-grow-inc.html

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