IRBANK, an investment information service for individual investors, has entered into a capital and business alliance with Monex Group and completed total funding of ¥720 million. Monex Group has decided to make IRBANK an equity-method affiliate and will continue to strengthen the partnership.
IRBANK entered into a capital and business alliance with Monex Group and completed total funding of ¥720 million. Of this amount, ¥600 million came from Monex Group, ¥60 million from a third-party allotment capital increase to individual investors, and ¥60 million from a startup loan provided by Japan Finance Corporation.
On the same day, Monex Group decided to make IRBANK an equity-method affiliate. Through the alliance, IRBANK will advance portfolio integration with Monex Securities and plans to explore partnerships with other companies.
IRBANK provides a service that imports earnings data from more than 3,900 listed companies daily, enabling users to compare operating performance and financial data going back 17 years. The service has been offered free of charge for 12 years, and monthly active users have reached 1 million.
The beta version was released on 24 June, and the full version and paid plans became available at noon on the 9th. The full version provides access to earnings and financial data for Japanese and US stocks, stock screening, an AI navigator, and notifications of disclosures and scheduled earnings announcements.
API integration with Monex Securities also began on the same day. Holdings and balances in users’ accounts are automatically linked to IRBANK, allowing them to view earnings, financial and dividend information together with profit and loss and asset allocation. Going forward, the service is also scheduled to provide dividend forecasts, factor analysis, and concentration and risk assessments by stock and industry.