Moneytree was founded in 2012 in Japan by Paul Chapman, Mark Makdad and Ross Sharrott with the mission of bringing consumers, small businesses, and banks closer together.
The trio identified the need for consumers and small businesses to have seamless access to their financial data, which is typically fragmented across multiple product providers.
The Moneytree mobile app, launched in 2013, allows users to automatically view all of their bank accounts, credit cards, digital money, mileage, points, and securities together in one place on iOS, Android, and Web. The app was awarded Apple's App Store "Best of" in 2013 and 2014.
In 2015, Moneytree launched Moneytree Link, a service that connects financial institutions and customers through a permission-based data sharing platform. It enables consumers and small businesses to transport all of their financial data to and from a range of services through an API connection. It is aimed at creating value in the fields of accounting, finance, real estate rent management, automobile maintenance, expense settlements, invoice issuance, and asset management.
That same year, Moneytree received an unprecedented round of simultaneous investment by the venture capital arms of all three Japanese mega banks. Moneytree was also chosen by IBM as its first official Fintech API partner, and selected for MasterCard's Start Path accelerator program.
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