SmartBank raises USD 20 mln in Series A for prepaid card and finance app

Thursday 14 July 2022 12:58 CET | News

Japan-based fintech startup SmartBank has raised USD 20 million in a Series A funding round led by Globis Capital Partners, with the participation of Z Venture Capital and DBJ Capital, among others, apart from existing investors like Global Brain.

SmartBank aims to enable people to better manage their financing, from everyday spending to planning, by offering its digital management service B/43, a Visa prepaid card personal finance management app.

The company directly competes with Nubank in Brazil and popular Monzo, but it doesn’t only focus on individuals, as it also offers joint accounts for couples, a feature that isn’t available with traditional banks in Japan. Moreover, SmartBank aims to further launch special services for parents and kids to manage finances together.

The latest funding brings the fintech’s total raised to USD 30 million, which will see the further expansion of its B/43 service. Users can check all their spending, recorded, and visualised in real time in the app, and can choose from various options when it comes to couples’ joint accounts capabilities.

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Keywords: funding, crowdfunding, prepaid card, personal finance management, Visa, neobanks
Categories: Payments & Commerce
Companies: SmartBank
Countries: Japan
This article is part of category

Payments & Commerce


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