Primer: Money Forward (3994 JP) - Dec 2025
Money Forward is a leading Japanese fintech company capitalizing on the nation's push for digitalization through its dual-engine model: a...
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Money Forward (3994 JP) | Q3 FY11/25 Results - Better Profitability; Core KPIs In-Line
Money Forward is a leading SaaS player in Japan’s underpenetrated SME market, with strong ARR growth, regulatory tailwinds, and a clear path to...
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Money Forward (3994) | Banking on Focus; Q3 Preview
Shares of Money Forward have risen 18% since Q2, but a short-term correction is expected as valuation nears fair value estimates
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SBI Shinsei Bank IPO Trading - Strong Demand, Peers Mini-Rally Will Help
SBI Shinsei Bank (8303 JP), a Japanese financial institution, raised around US$2.1bn in its Japan listing. In this note, we talk about the trading...
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Money Forward: Business Model Begins to Breakdown
Money Forward's recent earnings was no surprise to us and it highlights its inferior business model compared to freee, with non-BO SaaS businesses...
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