One of the fastest growing FinTech ventures in Japan is ZUU online. ZUU online, Tokyo-based financial media, operated by ZUU Co.,Ltd. provides original insights on financial market news, the latest business trend and personal finance advice. The company announced that it raised funds from Fenox Venture Capital, Silicon Valley-based venture capital firm, and others. ZUU received 450 million JPY in total.
According to the company’s announcement, it aims to invest the funds on accelerating growth of ZUU online, developing new asset management tools including ZUU Signals which the company is currently working on, overseas expansion, IPO, and increasing personnel, along with strengthening its financial and operating foundation. With this financing, Fenox Venture Capital’s Anis Uzzaman will serve as an outside director, Tetsuya Sano (former CFO of freebit) as an outside auditor and Jiro Suzuki (former president of Malaysia Debt Ventures Berhad) as corporate adviser at ZUU.
As Fenox has a broad network in US, Southeast Asia, and Europe, ZUU will focus on global expansion by personnel acquisition and improving and developing services and products.
ZUU online’s number of unique users grew by 17 times in a year with 2.5 million UU and 10 million PVs.