Japan’s One Tap Buy, mobile-only trading brokerage, secures $13.3M from Mizuho, Softbank,...

Japan’s One Tap Buy, mobile-only trading brokerage, secures $13.3M from Mizuho, Softbank, others

SHARE

Previously known as MyBanker, Tokyo-based One Tap Buy has been focused on developing a mobile app that specifically helps people manage their savings and investments more easily. The firm announced on Tuesday that it has fundraised 1.5 billion yen (about $13.3 million) from Mizuho Capital, Mobile Internet Capital, Softbank and Mizuho Securities.

This follows their previous 1 billion yen funding from Softbank back in July of 2016. Prior to that, the firm also secured an undisclosed sum from Mobile Internet Capital, DBJ Capital and Mitsui Life Insurance’s Sansei Capital, as well as other undisclosed VC firms in June of 2015.

Followed by closed beta testing for almost an year, the app was officially launched in last June. The company claims that they have acquired over 150,000 downloads to date, especially from users in their 20s and 30s, while 70% of them have not tried any investment opportunity before.

The app allows users to easily choose then buy US-listed stocks and Japanese exchange traded funds rather than using conventional trading platforms. The company says that the new funds will be used to accelerate system development efforts for new services in addition to strengthen marketing efforts to make more people recognize the service.

Edited by “Tex” Pomeroy

One Tap Buy CEO Hayashi made his pitch at Startupbootcamp FinTech FastTrack in Tokyo in 2015.
Image credit: “Tex” Pomeroy

Via TechCrunch Japan