Tokyo based personal finance app startup Moneytree has raised $9m in venture funding led by SBI Investment. Moneytree is a lifestyle app that brings Japanese bank, credit card and digital money transaction & balance data to the iPhone and iPad.
With the funds raised this time, Moneytree plans to roll out new functions for their personal asset management app “Moneytree”, their “Moneytree Work Keihi Seisan (Expense Reimbursement)” 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 in 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 renewed the MT Link website, and is aiming to further expand and accelerate the business.