Japan’s Freee, Cloud-Based Accounting

I am always on the hunt for a rival to Quickbooks, and maybe the answer is coming from Japan.  TechCrunch reports that Japan-based accounting software company Freee, one of the country’s most-prominent startups, has raised a $60 million Series E funding round as it bids to expand its services into other areas of management for its customers.

Today, Freee offers cloud-based accounting and HR software and it claims to have over one million business accounts. It has over 5,000 certified accountant advisors — who help it reach new customers and also use it for their own work — and the company said that over 3,500 apps and services, including mainly financial products, are integration with its software.

Angel Rich of Credit Stacker

There’s a post on The Undefeated about Angel Rich, founder of the financial literacy app, Credit Stacker.

She wrote the book The History of the Black Dollar, published in April, in which she explains this phenomenon.

One way Credit Stacker helps youths is by opening their minds to understanding credit reports and the scoring system using gaming and simulation. It has been enhanced to help teachers in classrooms customize students’ experiences.

Fimovate Day 2

Today I spoke with the founders of Credit Sesame, Impulse Save, Bolstr, Manilla, Tuition.io, Banno, Mortgage Harmony and eToro.

There are less personal financial management products than in previous years. I wish there were more small business/entrepreneur products that manage cash flow, do invoicing, and or profit/loss optimization. Bolstr looks like a killer app for small business crowdfunding.


Finovera is a dashboard for personal finance. In particular, Finovera aggregates bills and facilitate on time bill payment. It sounds like an upgraded Manila, or a Tripit for bills. It also provides a way for users to store photos of important documents like passports and birth certificates which is something you can do with Evernote. I like the goal of Finovera but it seems that having too many capabilities can be overwhelming to users especially in the personal finance management space. The opposite is true when it comes to small business accounting/financial. The more functions that are available to a busy entrepreneurs in one solution, the better.