3 FinTech companies in Japan to watch out for in 2023
By Leandra Monteiro
In the last few years, the Japanese FinTech market has witnessed significant developments. Among the top start-up hubs in Japan, Tokyo is the main start-up hub. In order to grow the FinTech ecosystem, the government of Japan laid out a 7-step strategy. The strategy comprises of the creation of a start-up city, providing entrepreneurship education, state procurement, enhanced accelerator programs and funding for start-ups. These initiatives have paved the way for start-ups in Japan.
As the Japanese FinTech industry continues to grow, here are 3 FinTechs in Japan to watch out for in 2023:
Founded in January 2015 in Tokyo, Kyash is working on creating next gen infrastructure for money exchange by providing mobile payments/banking to consumers and a financial platform to businesses to transform the Japanese financial landscape.
The company has raised $45 million in a Series C Funding round co-led by a global consumer technology investor along with several venture capital firms from around the world to accelerate its full-stack mobile banking business in Japan.
Tokyo-based Money Design was found in 2013 by Mamoru Taniya. The FinTech company provides automated investment management and online advisory services. Money Design’s main product is THEO, a robo advisor that uses AI and algorithms. Through Theo, people can invest in dozens of world currencies and thousands of different stocks from more than 60 countries.
Money Design aims to transform the present asset management landscape with the use of technology and create new relationships between people and money more easily.
TORANOTEC Ltd. is an Asia-Pacific digital wealth enterprise. Its service links daily transaction activity and other inputs to investing, thereby offering investment opportunities to a wider range of people, including the next generation of potential investors.
It is a spare change investment service that enables users to accumulate change from day-to-day shopping from credit cards, electronic money, and more. and automatically diversify and invest in assets all over the world.
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