Home / Software & Service News / Japanese finance app Moneytree raises $9 million to grow enterprise business

Japanese finance app Moneytree raises $9 million to grow enterprise business


(The Bridge) – Tokyo-based Moneytree, the Japanese startup offering an asset managing app and cloud-based accounting soutions, announced on Tuesday that it has raised a total of 1 billion yen (nearly $9 million US) in their latest funding round.

The round was led by SBI Investment with participation from Mizuho Capital, SMBC Venture Capital, Salesforce Ventures, Fukuoka Technology Partners, Hiroshima Venture Capital, Senshu Ikeda Capital, and the UK’s leading asset management company Baillie Gifford. This round follows that of the company’s series A round from October 2015.

With the latest funds, Moneytree plans to roll out new features to three products: their self-titled personal asset management app, the “Moneytree Work Keihi Seisan (Expense Reimbursement)” service that allows users to easily determine their expenses, as well as their “Moneytree Work Houjin Kouza (Corporate Accounts)” that lets users browse their corporate accounts and calculate expenses on mobile.

In addition, the cloud-based account management service MT Link, which connects financial institutions with corporations and individuals, and has been in service for more than two years now, has been adopted by 20 companies including megabanks, regional banks, and accounting software industries. Together with this funding, Moneytree has also revamped the MT Link website, and is aiming to further expand and accelerate the business.

Sign up for Funding Daily: Get the latest news in your inbox every weekday.

Click Here For Original Source Of The Article

About Ms. A. C. Kennedy

Ms. A. C. Kennedy
My name is Ms A C Kennedy and I am a Health practitioner and Consultant by day and a serial blogger by night. I luv family, life and learning new things. I especially luv learning how to improve my business. I also luv helping and sharing my information with others. Don't forget to ask me anything!

Check Also

Have almost any toy imaginable, at the click of a button

TwitterFacebook

This kid-friendly 3D printer lets you choose from and print hundreds of different toy designs, and even design your own. Read more...

More about Kickstarter, Mashable Video, Kids, Diy, and Toys

css.php