Money Forward is a Tokyo-based fintech that provides personal financial management tools and a cloud-based accounting software service. Its core products center on helping individuals manage finances and offering cloud accounting to customers. The company raised approximately $11 million in a Series D funding round. The round was led by Mizuho Capital and Isetan Mitsukoshi Holdings, with participation from Fenox Venture Capital and Toho Bank. Money Forward says it will use the proceeds to continue expanding its operations. MoneyForward provides online tools for individuals and companies to manage finances and expenses. The company recently launched a cloud-based payroll service targeting small and medium-sized enterprises. It reports over 2.5 million users on its personal finance product and over 400,000 users on the enterprise side, and employs more than 100 people. Clients include Japanese banks such as SBI Sumishin Net Bank and Yamaguchi Financial Group. MoneyForward intends to use newly raised funds to continue developing its product offerings. The company is focused on expanding its cloud services for both consumers and businesses.

Total raised

$24M

Funding rounds

2

Latest round

Series D

Latest activity

Oct 2016