MUFG Innovation Partners makes a strategic investment in Moneytree
Tokyo, February 13, 2019 — MUFG announced today that MUFG Innovation Partners Co., Ltd. (“MUIP”), a consolidated subsidiary of MUFG and corporate venture capital fund, has invested in Moneytree K.K. This represents the first investment by MUIP since its launch of its JPY 20-billion or USD 185-million fund in January of this year.
1. The objective of the investment
Personal financial management and financial data aggregation continue to be growing areas for FinTech innovation. Moneytree has become one of the leading financial data aggregation platforms in Japan and has since expanded into global markets. MUIP’s investment in Moneytree is geared to strengthen their strategic relationship and foster future projects. Recently Mitsubishi UFJ NICOS Co., Ltd., a consolidated subsidiary of MUFG, released a credit card application based on “Moneytree Link”, a financial data platform developed by Moneytree. MUIP and its fund look to make further investments in FinTech and related startups. The primary focus of the fund is on pursuing partnerships and business synergies between MUFG group companies and portfolio companies.
2. About Moneytree
Moneytree is the provider of the “Moneytree” application, a personal financial management service that aggregates account data from bank accounts, credit cards, digital money, loyalty points and brokerage accounts. The company also provides “Moneytree Link”, a financial data platform that aggregates financial data for accounting service providers and financial institutions.
Date of Establishment：April 23, 2012
Headquarters：3-13-3, Nishiazabu, Minato-ku, Tokyo
Business Description：Provider of “Moneytree”, a personal financial management service, and “Moneytree Link”, a financial data platform