# Money Forward

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/money-forward

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: www.moneyforward.com
- Total disclosed funding: $37M
- Latest round: Series D (Oct 5, 2016)
- Investors on record: 19

## About

Money Forward, Inc. is a fintech company that specializes in providing comprehensive financial management tools for both individuals and businesses, including accounting software and budgeting apps.Money Forward, Inc., established in 2012 and headquartered in Tokyo, Japan, offers innovative financial solutions. The company was founded by Yosuke Tsuji, who has a history of entrepreneurship. Money Forward has completed a total of 6 deals, with its most recent deal being an IPO on September 29, 2017, where it raised JPY 3.95 billion. The company has raised a total of JPY 3.95 billion across its funding rounds.Money Forward, Inc. provides a suite of financial management tools, including personal budgeting applications and cloud-based accounting software designed for businesses. Its budgeting app allows users to track their expenses and manage their finances, while its accounting software automates bookkeeping, invoicing, and financial reporting, aimed at enhancing operational efficiency for businesses.In the most recent fiscal year 2024, Money Forward reported a revenue of JPY 268,354,177.5 and an EBITDA of JPY 31,480,738.1, generated through a subscription-based model that caters to both personal users and businesses.Following its successful IPO in September 2017, where Money Forward raised JPY 3.95 billion, the company plans to utilize this capital to introduce new products and enhance its existing services. The company aims to expand its footprint into other Asian markets by 2025, targeting regions such as Southeast Asia and further diversifying its offerings in the financial technology space.

## Funding rounds

- Series D, Oct 5, 2016, $11M — Mizuho Capital, North Pacific Bank, Pegasus Tech Ventures, Isetan Mitsukoshi Holdings, Shiga Bank, Gunma Bank, Toho Bank, Fukui Bank
- Series C, Oct 22, 2015, $13M — SBI Holdings, Mitsubishi UFJ Trust and Banking, Shizuoka Bank, Pegasus Tech Ventures, Momiji Bank, Toho Bank, Mitsui & Co.
- Series B, Dec 19, 2014, $13M — JAFCO Group, Mitsui Sumitomo Insurance Venture Capital, Dentsu, GMO VenturePartners, Credit Saison, Sourcenext, Inc.

## Investors

- JAFCO Group (https://capitalatlas.ai/funds/jafco-group) — Series B
- Mitsui Sumitomo Insurance Venture Capital (https://capitalatlas.ai/funds/mitsui-sumitomo-insurance-venture-capital) — Series B
- Dentsu — Series B
- GMO VenturePartners (https://capitalatlas.ai/funds/gmo-venturepartners) — Series B
- Credit Saison — Series B
- Sourcenext, Inc. — Series B
- SBI Holdings — Series C
- Mitsubishi UFJ Trust and Banking (https://capitalatlas.ai/funds/mitsubishi-ufj-trust-and-banking) — Series C
- Shizuoka Bank — Series C
- Pegasus Tech Ventures (https://capitalatlas.ai/funds/pegasus-tech-ventures) — Series C, Series D
- Momiji Bank — Series C
- Toho Bank — Series C, Series D
- Mitsui & Co. — Series C
- Mizuho Capital (https://capitalatlas.ai/funds/mizuho-capital) — Series D
- North Pacific Bank — Series D
- Isetan Mitsukoshi Holdings — Series D
- Shiga Bank — Series D
- Gunma Bank — Series D
- Fukui Bank — Series D