The taxi and limousine services provider joined corporates Recruit and Kyoto Bank in the latest funding round for the Dentsu-backed robo-adviser.

Japan-based online asset manager Money Design, backed by Tokyo University, has raised an undisclosed sum in a funding round featuring taxi and limousine services provider Nihon Kotsu, TechinAsia reported on Monday.

Financial institution Kyoto Bank and professional services firm Recruit Holdings also participated in the round.

Established in 2013, Money Design’s main offering is robo-adviser Theo, an artificially intelligent financial adviser accessible via a smartphone app.

Starting with a minimum investment of ¥100,000 ($885) and using a customer’s responses to…