About Money Forward
Money Forward is a company based in Minato (Japan) founded in 2012. It operates as a SaaS (Software-as-a-Service), Subscription Services, and FinTech. Money Forward has raised $42.9 million across 5 funding rounds from investors including Mitsui & Co., SBI Group and Saison Card. The company has 2,600 employees as of November 30, 2024. Money Forward has completed 2 acquisitions, including Outlook Consulting and Smart Camp. Money Forward offers products and services including Money Forward Cloud Accounting, Money Forward Household Budget App, and Money Forward Cloud Expense. Money Forward operates in a competitive market with competitors including Smart Bank, Horizonbudget, Softurion, Budgetos and MoneyChart, among others.
- Headquarter Minato, Japan
- Employees 2600 as on 30 Nov, 2024
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Money Forward, Inc.
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Annual Revenue
$257.15 M (USD)32.86as on Nov 30, 2024
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Net Profit
$-40.33 M (USD)-0.25as on Nov 30, 2024
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EBITDA
$-7.52 M (USD)69.65as on Nov 30, 2024
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Total Equity Funding
$42.9 M (USD)
in 5 rounds
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Latest Funding Round
$11 M (USD), Series D
Oct 05, 2016
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Investors
Mitsui & Co.
& 19 more
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Employee Count
2600
as on Nov 30, 2024
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Investments & Acquisitions
Outlook Consulting
& 1 more
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IPO & Listings of Money Forward
Money Forward is a publicly listed company on the TSE with ticker symbol 3994 in Japan, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Money Forward
Money Forward offers a comprehensive portfolio of products and services, including Money Forward Cloud Accounting, Money Forward Household Budget App, and Money Forward Cloud Expense. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cloud-based accounting solution for businesses and individuals.
App for managing household budgets and assets.
Tool for tracking and managing business expenses.
Funding Insights of Money Forward
Money Forward has successfully raised a total of $42.9M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $11 million completed in October 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series D — $11.0M
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First Round
First Round
(14 Mar 2013)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Series D - Money Forward | Valuation | Isetan Mitsukoshi Holdings , Mizuho Bank | |
| Oct, 2015 | Amount | Series C - Money Forward | Valuation | Yosuke Tsuji | |
| Dec, 2014 | Amount | Series B - Money Forward | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Money Forward
Money Forward has secured backing from 20 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Mitsui & Co., SBI Group and Saison Card. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Global tech sector investments are managed by Fenox Venture Capital.
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Founded Year | Domain | Location | |
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Early-stage tech ventures in the US and Asia are funded.
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Founded Year | Domain | Location | |
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Seed to late-stage venture capital investments are made in Japan.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Money Forward
Money Forward has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Outlook Consulting and Smart Camp. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Inside sales and outsourcing services are provided to businesses.
|
2014 | ||||
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Digital transformation services are provided to businesses for operational efficiency.
|
2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Money Forward
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Money Forward Comparisons
Competitors of Money Forward
Money Forward operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Smart Bank, Horizonbudget, Softurion, Budgetos and MoneyChart, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital banking services for individuals are offered by Smart Bank.
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| domain | founded_year | HQ Location |
Offers a cloud-based platform for effective budget management.
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| domain | founded_year | HQ Location |
Personal finance software for tracking expenses, revenues, and forecasts on Mac and iPad.
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| domain | founded_year | HQ Location |
A cloud-based platform for efficient expense management and tracking.
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| domain | founded_year | HQ Location |
Functions as an app-based platform for efficient expense management.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Money Forward
Frequently Asked Questions about Money Forward
When was Money Forward founded?
Money Forward was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Money Forward located?
Money Forward is headquartered in Minato, Japan. It is registered at Minato, Tokyo, Japan.
Is Money Forward a funded company?
Money Forward is a funded company, having raised a total of $42.9M across 5 funding rounds to date. The company's 1st funding round was a Series B of $12.6M, raised on Mar 14, 2013.
How many employees does Money Forward have?
As of Nov 30, 2024, the latest employee count at Money Forward is 2,600.
What is the annual revenue of Money Forward?
Annual revenue of Money Forward is $257.15M as on Nov 30, 2024.
What does Money Forward do?
Money Forward is involved in developing cloud-based accounting and personal finance solutions. Services are offered to individuals, businesses, and financial institutions. The company focuses on SaaS platforms for accounting, expense management, and payroll. Sectors served include fintech and back-office operations. Comprehensive tools for invoicing, debt management, and financial transactions are provided. Innovation in financial convenience and user empowerment is prioritized.
Who are the top competitors of Money Forward?
Money Forward's top competitors include Smart Bank, Horizonbudget and Softurion.
What products or services does Money Forward offer?
Money Forward offers Money Forward Cloud Accounting, Money Forward Household Budget App, and Money Forward Cloud Expense.
Is Money Forward publicly traded?
Yes, Money Forward is publicly traded on TSE under the ticker symbol 3994.
How many acquisitions has Money Forward made?
Money Forward has made 2 acquisitions, including Outlook Consulting, and Smart Camp.
Who are Money Forward's investors?
Money Forward has 20 investors. Key investors include Mitsui & Co., SBI Group, Saison Card, Isetan Mitsukoshi Holdings, and Sourcenext.
What is Money Forward's ticker symbol?
The ticker symbol of Money Forward is 3994 on TSE.
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