SBI Holdings announced that the company has entered into a capital alliance with MoneyForward, a developer of internet services such as an automated management tool of household accounts “MoneyForward” for individuals and cloud services “MF Cloud”series including accounting, invoice management, and payroll accounting for small and medium-sized companies.
Along with SBI Holdings’ investment in MoneyForward, SBI Group’s Sumishin SBI NetBank went into business partnership with MoneyForward to jointly develop new technologies and services in FinTech field. In addition to this, SBI Holdings’ subsidiary, SBI Benefit Systems which provides recordkeeping services of defined contribution Pension has also entered into a business alliance with MoneyForward with an aim to develop together new services for defined contribution Pension.
In the press release, taking this opportunity, SBI Holdings says it will seek more wide-ranging collaborations between the group’s companies and MoneyForward in FinTech industry utilizing their managerial resources.
(Source: SBI Holdings)