toranotec.com/en/#investors
"As Shibusawa points out Japanese households hold some 980 trillion yen ($8.8 trillion) in cash and deposits. That represents an enormous business opportunity. One startup that’s focused on this mountain of wealth while benefitting from Japan’s new openness is TORANOTEC, a Tokyo-based asset management firm founded in 2016. Reflecting a sense of wild passion for investing, the company’s name incorporates tora, Japanese for “tiger.”
In 2017, the company launched TORANOKO, a smartphone app that lets users invest small change from credit card payments. If a user buys something for 180 yen, for instance, the amount could be rounded up to 200 yen and the 20 yen difference would go into an investment fund matching the user’s tolerance for risk. Aside from being able to invest as little as 1 yen, another unique feature of the app is that users can invest the cash equivalent of points from Japanese loyalty programs such as ANA Group’s ANA Mileage Club air miles.
“We saw a real opportunity in the Japanese market to create an entry point for wealth management accessibility for everyone,” says Justin Balogh, president and CEO of TORANOTEC. “Japan has a history of being a financial center but despite its status as a developed market there are gaps for entry-level investors.”
www.forbes.com/sites/japan/2019/05/16/...ew-era/#1a49c69a7690
"As Shibusawa points out Japanese households hold some 980 trillion yen ($8.8 trillion) in cash and deposits. That represents an enormous business opportunity. One startup that’s focused on this mountain of wealth while benefitting from Japan’s new openness is TORANOTEC, a Tokyo-based asset management firm founded in 2016. Reflecting a sense of wild passion for investing, the company’s name incorporates tora, Japanese for “tiger.”
In 2017, the company launched TORANOKO, a smartphone app that lets users invest small change from credit card payments. If a user buys something for 180 yen, for instance, the amount could be rounded up to 200 yen and the 20 yen difference would go into an investment fund matching the user’s tolerance for risk. Aside from being able to invest as little as 1 yen, another unique feature of the app is that users can invest the cash equivalent of points from Japanese loyalty programs such as ANA Group’s ANA Mileage Club air miles.
“We saw a real opportunity in the Japanese market to create an entry point for wealth management accessibility for everyone,” says Justin Balogh, president and CEO of TORANOTEC. “Japan has a history of being a financial center but despite its status as a developed market there are gaps for entry-level investors.”
www.forbes.com/sites/japan/2019/05/16/...ew-era/#1a49c69a7690