IRBANK raises ¥660 million in equity as Monex backs its portfolio platform
Monex Group invests ¥600 million, with individual investors contributing another ¥60 million.
IRBANK has completed ¥660 million in equity financing alongside a capital and business partnership with Monex Group. Monex supplied ¥600 million and individual investors contributed ¥60 million.
The company is developing investment and asset-management AI tools that combine company research with users’ portfolio information. The partnership will advance portfolio integration with Monex Securities, which has introduced infrastructure for connecting brokerage account data to AI services.
IRBANK plans to invest in financial data, secure AI systems and hiring. It also announced a separate ¥60 million startup loan from Japan Finance Corporation, bringing the combined equity and debt package to ¥720 million.
Use of funds
Develop financial data and portfolio AI tools
Hire product and engineering staff