FinTech takes a closer look at one of the top fintechs to watch in 2020: TORANOTEC.
TORANOTEC is one of KPMG’s emerging fintechs to watch. Launched in 2017, the company is an asset management group that aims to provide an accessible entry point into the investment industry. The application leverages cash, loyalty points, airline miles and more to creating investments that can be used to “bridge” between financial services and sectors such as retail, telecoms, entertainment and more. Headquartered in Tokyo, TORANOTEC functions in Asian markets and its website is predominantly in Japanese. In an article from Forbes, TORANOTEC is featured to discuss the new era of business in Japan.
[image: Justin Balogh]
TORANOTEC is headed by President and CEO Justin Balogh, who founded the company in 2016, fueled by his desire to expand wealth creation across Japan and wider Asian markets. He holds a Master of Economics and a Bachelor of Commerce from the University of New South Wales.
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It was announced this week that TORANOTEC is launching “nanaco Point Investment”, in collaboration with electronic money service Seven Card. Balogh said:
“Enabling the easy investment of points accumulated through using the convenient electronic money nanaco card is a realisation of our vision to embed asset management into people’s daily life. We are delighted that nanaco users are now able to invest their points with Toranoko. TORANOTEC will continue to develop attractive investment services that connect to people’s daily lives, so that everyone can enjoy using TORANOTEC as a convenient and user-friendly wealth creation tool.”
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