The Japan-based mobile accounting software provider has floated in an offering that valued it at more than $500m, giving exits to a host of corporate investors.
Money Forward, a Japan-based financial management app developer backed by several domestic corporates, has raised approximately $25m in its initial public offering, Tech in Asia reported yesterday.
The offering took place on the Tokyo Stock Exchange’s Mothers Index Futures market and valued Money Forward at $505m. It followed $48m of equity funding that the company had raised since it was founded in 2012.
Money Forward has built app-based financial management platforms for personal and business accounting, and is the first…
