Japanese UX design firm Goodpatch raises $3.6M in series C to better serve FinTech businesses


See the original story in Japanese.

Japanese UX/UI design agency Goodpatch, based out of Tokyo, Berlin and Taiwan, revealed on Wednesday that they have raised 400 million yen (about $3.6M US) from SBI Investment (through SBI FinTech Fund) and Mitsui Sumitomo Insurance Capital in a series C round. This is the third round of funding for the company following $1 million (series A round) raised in December of 2013 and $3.5 million (series B round) raised in February of 2016.

In addition to receiving the funds from SBI Investment, Goodpatch announced along with the funds raised this round that they are undertaking of a project to improve the UX/UI design of SBI Investment’s SBI Securities. From this month, Goodpatch launched an in house UX/UI design team specialized in the area of FinTech, and they are planning to open a lab to dispatch and share useful design and development knowhow to both the FinTech and design industries in the future.

Goodpatch’s UX/UI portfolio in the FinTech world includes Money Forward’s public release in May of 2014, MYDC’s public release in January of 2017, and the public release of Quick’s Shinkly in 2017 (only those that are disclosed).

Goodpatch was founded in August of 2011. Prior to the company, CEO Naofumi Tsuchiya worked as an intern at San Francisco’s digital agency Btrax, and founded Goodpatch after returning home to Japan. The company’s name comes from the incubation space Dogpatch Labs in San Francisco. Their prototyping tool Prott, which was officially launched in October of 2014, has been introduced in major IT companies, startups, design farms, and so on.

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Translated by Amanda Imasaka
Edited by Masaru Ikeda