TORANOTEC Completes JPY2.9 billion Series C Financing,
with JIC VGI as Lead Investor
〜Driving further growth of investment app TORANOKO〜
Tokyo, August 30, 2021 – Japanese fintech wealth creation service provider, TORANOTEC Ltd. (hereinafter “TORANOTEC”) announced that it has completed its current financing round amounting to JPY2.9 billion. Led by JIC Venture Growth Fund 1 (hereinafter, “JIC VGI”), which is managed by JIC Venture Growth Investments Co., Ltd., a venture capital arm of Japan Investment Corporation, the round included the following investors:
・ Seven Bank, Ltd.
・ Aslead Capital Pte. Ltd.
・ AG Capital Co., Ltd.
・ SUMISEI INNOVATION FUND（A CVC of Sumitomo Life）
（In no particular order）
Through its wealth creation app TORANOKO, which allows investment of small change and various loyalty points, TORANOTEC has lowered the barrier to investing, enabling anyone and everyone to engage in wealth creation for their future. The cumulative total number of TORANOKO accounts opened has reached approximately 300,000. This round of financing will allow TORANOTEC to accelerate the growth of TORANOKO by engaging in enhancing its service line-up and marketing activities, as well as invest in new products and new services development to respond to the needs of and attract a broader client base.
Justin Balogh、 TORANOTEC’s President & CEO said:
“In this age of longevity in which many live to be a hundred, the importance of individuals’ engagement in steady long-term wealth creation to support their future is paramount. TORANOTEC plans to utilize the capital raised through this financing round to propel TORANOKO’s growth, making the investment app even more accessible and enhancing the services, so that it remains a valued and fun service that users will stay with over their lifetime. Partnering with different industries, we will also engage in new products and services development. Through these activities, we will continue to pursue our mission in creating a world in which ‘Everyone Can be an Investor,’ nurturing an investing culture in which wealth creation is a natural part of daily life.”
TORANOKO is a unique investing app provided by TORANOTEC Asset Management Co., Ltd., offering a link between the world of daily consumptions and the world of wealth creation. Sourcing the transactions data of everyday life, the app is a gateway through which small change and loyalty points can be invested into a full-fledged globally diversified portfolio. Through TORANOKO, TORANOTEC offers the easiest possible entry point to begin investing, expanding the access point to wealth creation and investing for Japanese consumers. Details of TORANOKO can be found here: (https://TORANOKO.com) （Japanese only）