FinovateAsia 2016 / Moneytree
Presenter Profile:
How they describe themselves: Founded in 2012, Moneytree provides individuals and businesses with a comprehensive picture of their finances in one convenient place on iOS, Android and web. Moneytree KK’s proprietary data aggregation platform, Moneytree LINK (MT LINK), has over 15 major clients, including Japan’s big three accounting software vendors and Mizuho Bank, the first bank in Japan to provide customers with 3rd party financial data via our MT LINK API.
How they describe their product/innovation: We have developed a drop-in, mobile SDK that easily connects our MT LINK aggregation platform to 3rd party products and services. This product debuted with Mizuho Bank’s “Direct” app, and will be made widely available to our partners.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
Contacts:
Bus. Dev.: Mark Makdad, Head of Platform & Co-Founder, mmakdad@moneytree.jp
Press: Zach Taub, Chief of Marketing, ztaub@moneytree.jp
Sales: Hideki Kawai, Sales Lead, hkawai@moneytree.jp
Website: Moneytree.jp
Blog: moneytree.jp/blog
Twitter: @moneytreejp
HQ: Shibuya-ku, Tokyo, Japan
Founded: April 23, 2012
Product Demoed: Moneytree LINK
Product Launch: November 2016
Metrics: 1,000,000 app installs (with millions more embedded in partner apps), a secure API connection to over 2,600 unique data sources. With 15+ partners on the MT LINK data aggregation platform, Moneytree can reach over 200,000 businesses
Presenters: Mark Makdad (Head of Platform),
Zach Taub (Chief of Marketing)
- Key Executives
Paul Chapman (CEO & Co-Founder), Ross Sharrott (CTO & Co-Founder), Rui Suzuki (CFO), Mark Makdad (Head of Platform & Co-Founder), Zach Taub (Chief of Marketing)
Key Stats
- Key Board Members
Jonathan Epstein (Chairman, former Country Manager for Paypal Japan)
- Key Investors
Seed Round: $1.6M; Digital Garage Incubation (DGI), Angel Investors
Series A: Undisclosed; Salesforce.com, all three Japanese Megabank investment funds: Mizuho Capital, Mitsubishi UFJ Capital, and SMBC Venture Capital
- Key Advisory Board Members
Yasuhisa Tsuchihashi (Sr. Advisor, former GM of Sumitomo Mitsui Finance & Lease), Douglas Lorenz (Advisor to the Board, former EVP of North Asia for MasterCard)
- Key Partnerships
- The first venture to receive simultaneous funding from all three of Japan’s Megabanks
- The #1 data partner for Japanese accounting firms, including TKC, Yayoi, and Sorimachi
- The only FinTech venture to provide an inbound API to a Megabank, as part of Mizuho Bank’s Direct Application
- The first FinTech partner for IBM Japan’s API Economy initiative