Fenox Venture Capital, a global venture capital firm, recently invested in MoneyForward’s 1.6 billion JPY Series C Round. MoneyForward is a leader in online tools helping individuals and companies to manage their finances and expenses. MoneyForward is a Japan based startup and counts over 2.5 million users on the personal finance product and over 400,000 users on the enterprise side of the product.
MoneyForward currently employs more than 100 employees, and has inked new relationships with major Japanese banks including SBI Sumishin Net Bank (who is also now an investor) as well as the Yamaguchi Financial Group joining as a customer. MoneyForward continues to expand and innovate with the recent release of a cloud-based payroll service for small and medium sized enterprises.