Japanese startup MoneyForward today revealed to Tech in Asia that it has secured JPY 1.6 billion (US$13.3 million) in series C funding.
Fintech is hot in Japan and Freee’s latest round is keeping the heat on its competitors.
With nearly half a billion dollars invested in Japanese startups last year, 2014 was a banner year for the country’s burgeoning entrepreneurs.
Japan’s leading tech-focused business association put on a pitch contest. In addition to an $8,500 prize, the winner comes to Tech in Asia Singapore 2015.
Rival Freee may have grabbed some headlines, but MoneyForward is gaining some powerful friends.
The startup might be number one for now but there are plenty of rivals looking to knock it off.
The move could open up new battles for Line to fight.
Deloitte offers free consulting services to Japanese startups in order to kickstart the Japanese economy.