Company profile

Company name

Moneytree Financial Technology Pty Ltd
(ABN 97 611 531 107)


Sydney office

Levels 4 & 5 Wynyard Green, 11 York Street, Sydney NSW 2000, Australia

Tokyo head office
Moneytree KK

Castalia 2F, 3-13-3 Nishiazabu, Minato-ku, Tokyo, 106-0031, Japan

Representative director

Chief Executive Paul Chapman


April 23, 2012


3.3 billion yen including capital reserve as of March 2021 

Main business activity

Development and operation of “Moneytree®︎”, a personal finance management service for individuals and “Moneytree LINK®︎”, a financial data platform for enterprise in Japan

Number of employees

83 as of July 2021

Main investors

Baillie Gifford & Co.
DG Incubation, Inc.
Fidelity International
Fukuoka Financial Group, Inc.
Hiroshima Venture Capital Co., Ltd.
Ikeda Senshu Capital Co., Ltd.
Mitsubishi UFJ Capital Co., Ltd.
Mizuho Capital Co., Ltd.
SBI Investment Co., Ltd.
SMBC Venture Capital Co., Ltd.
Angel Investors


Paul Chapman
Paul Chapman
Chief Executive and Founder

Paul co-founded Moneytree KK in 2012. Originally from Melbourne and now based in Tokyo, Paul attained a Bachelor in Business, Banking & Finance and a Diploma in Language (Japanese) from Monash University. Prior to starting Moneytree, Paul served as IT Director at En World and, in 2009, he started Long Weekend LLC, a software development firm focused on creating products for the emerging mobile market.

Ross Sharrott
Ross Sharrott
Chief Architect and Founder

Ross co-founded Moneytree KK in 2012 and became Chief Technology Officer in 2015. He was also Executive Director of the Australian market from 2018 to 2020 and was appointed as a member of the Advisory Committee to the Data Standards Body, which aims to set the technical standards for the transfer of financial data within the Open Banking ecosystem in Australia. In August 2021, he became Chief Architect leading the research group.

Mark Makdad
Mark Makdad
Chief of Platform and Founder

Mark co-founded Moneytree KK in 2012 and leads Moneytree’s permission-based financial data portability platform, Moneytree LINK. As a founding director of the Fintech Association of Japan, Mark has been at the forefront of open banking regulatory framework changes in Japan.

Company history

  • Series C1 Funding through third-party allotment of shares underwritten by Fidelity International
  • Renamed the financial data platform and associated business sector from "MT LINK" to "Moneytree LINK"
  • Released "LINK Kit", a development tool to fully support the integration of asset management functions into enterprise services
  • Completed corporate rebranding and website renewal
  • Implemented initiatives to promote new ways of working for the new normal
  • Accredited with ISO/EC 27001:2013 certification in Japan and Australia
  • Launched a new business sector "Professional Services"
  • Discontinued services in Australia
  • Selected as a finalist of "Thought Leader of the Year" for 2019 Fintech Business Awards
  • 50 enterprise customers for Moneytree LINK
  • Launched a paid service "Moneytree Grow" 
  • Winner of “Future of Financial Services Award“ for Tech Rocketship Awards held by the British Embassy Japan and the Scottish International Development Agency
  • Selected by the Australian Competition and Consumer Commission (ACCC) as one of the 10 companies to test the Consumer Data Right (CDR) ecosystem
  • Winner of “Best Growth Stage Startup” at Next Money Asia 2018 Fintech Finals
  • Submitted public comment on Open Banking policy and regulation in Australia for the "Report of the Review into Open Banking" released by the Treasury
  • Selected as a finalist for "Fintech Entrepreneur of the Year" of 2018 Fintech Business Awards
  • Winner of Mizuho Innovation Award 2018 January - March
  • Moved head office location from Harajuku to Nishi-Azabu, Tokyo, Japan
  • Launched Android version of paid service "Moneytree Work Expenses"
  • Launched Android version of paid service "Moneytree Corporate" in Japan
  • Ross Sharrott, Founder and CTO, selected for "Australia Open Banking Data Standards Body Advisory Committee"
  • Joined "Japan Association for Financial APIs" as a founding member and Mark Makdad, Chief of Platform and Founder serves as Board of Directors
  • Completed “Electronic Payment Service Provider” registration as an open banking compliant entity with Japan’s Financial Services Agency
  • Presented the first transactional API demo in a development environment in Japan with Mizuho Bank at FIBC 2017
  • Grand Prize Winner of "Insurtech Open Innovation Business Contest" by Dai-ichi Life Insurance, Japan Post Insurance and NTT Data
  • Series B Funding led by SBI Investment Co., Ltd.
  • Joined "Singapore FinTech Association", a cross-industry non profit initiative
  • Launched Personal financial management app "Moneytree" in Australia
  • Published a White Paper on Open Banking "Data portability in Australian financial services" 
  • Selected as "Fintech 250" at CB Insights Future of Fintech
  • Joined "FinTech Australia", a non-for-profit industry organisation
  • Selected as "50 Top Emerging Fintechs" for Fintech 100 released by KPMG and H2 Ventures
  • Winner of open innovation program "collab 2.0" by MetLife and LumenLab
  • Launched Android version of "Moneytree" app in Japan
  • Selected as a finalist for Pioneers Asia 2016 "Pioneers Asia Challenge" pitch contest
  • Obtained independent privacy certification by TrustArc (formerly TRUSTe) across all platforms
  • "Mark Makdad, Chief of Platform and Founder, participated in and presented at “Working Group on Financial Group of the Financial System Council” sponsored by Japan's Financial Services Agency
  • (Moneytree participated in and presented at government-sponsored industry working group that met regularly throughout 2016-2017 to define industry guidelines for implementing open APIs in banking.)"
  • Selected as a finalist for Finovate Asia 2016 pitch contest
  • Selected as "FinTech Asia 100" for Next Money/EY
  • 20 linked enterprise customers for Moneytree LINK
  • Launched a permission-based data sharing financial data aggregation and portability platform, Moneytree LINK for enterprise customers
  • Selected as a finalist for Financial Innovation Business Conference FIBC 2015 fintech competition
  • Launched a paid service "Moneytree Corporate" in Japan
  • Joined "Fintech Association of Japan" as a founding member and Mark Makdad, Chief of Platform and Founder serves as Board of Directors, API and Security Regent
  • Series A Funding led by First Japanese venture to receive simultaneous investment from the funds of all three Japanese Megabanks
  • Selected as IBM Bluemix Japan first official fintech API partner
  • Selected for MasterCard Start Path accelerator program
  • Web version of Moneytree was launched in Japan
  • Selected as a finalist for Fukuoka Financial Group "X-Tech Innovation 2015" business contest
  • Selected as a finalist for Tech in Asia "Startup Arena" pitch contest
  • Launched a paid service "Moneytree Work Expenses" in Japan
  • Awarded Apple's App Store "Best of" for iPad in Japan
  • Personal financial management app "Moneytree" for iOS launched in Japan which allows users to automatically view all of their bank accounts, credit cards, digital money, mileage, points, and securities together in one place.
  • First in Japan's fintech industry to obtain independent privacy certification by TrustArc (formerly TRUSTe), a globally recognised privacy verification program
  • Moved office location from Shibuya to Harajuku, Tokyo, Japan
  • Seed Funding led by DG Incubation, Inc., Japan’s premier international VC
  • Awarded Apple's App Store "Best of" for iPhone in Japan
  • Moneytree was founded in Japan by Paul Chapman, Mark Makdad and Ross Sharrott with the mission of bringing consumers, small businesses, and banks closer together.