Finatext, a Japanese FinTech company, established in 2014, partnered with The Bank of Tokyo-Mitsubishi UFJ and released a smartphone app “Fundect” which supports investors for selecting investment trust fund on December 18, 2015. For the bank, this is the first project to provide new services partnering with a venture.
By simply answering 15 questions on the app, users can find their risk propensity and appropriate investment trust funds based on the propensity on the app. This can help users to select trust funds.
The app also has a timeline where users can post their ideas, and various contents about trust funds and asset management.
Finatext has a proven track record with “Asukabu” (https://www.asukabu.com/) which is a stock price forecasting app and the number of its users’ forecast exceeded 1.4 million for a year. At the beginning of this December, the tech company released “Karu FX” (http://karufx.com/) , a forex community app, partnering with YJFX!.
The company was shortlisted for FinTech Challenge 2015 organized by The Bank of Tokyo-Mitsubishi UFJ in June and won the Business Support Award. The “Fundect” was developed based on an idea unveiled at the event. The company says in the press release that it aims to expand this app to the Japan’s biggest investment trust fund app by utilizing its management capabilities of mobile community apps.
(Source: Finatext via PR TIMES)
- 2015/12/01 Finatext launches forex community app, Karu FX, partnering with YJFX
- 2015/11/26 Japanese largest stock-related app, Asukabu achieves over 10,000 forecasts a day
- 2015/06/30 Tokyo-based Finatext raises the trophy at the pitch contest in Malaysia
- 2015/06/23 Winners announced at FinTech Challenge2015 organized by Japanese mega bank