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Money Forward ( (JP:3994) ) just unveiled an announcement.
Money Forward, Inc. has signed a final agreement with Sumitomo Mitsui Financial Group and Sumitomo Mitsui Banking Corporation to form a joint venture, marking a significant step in their digital banking and BaaS initiatives. This partnership involves the establishment of a new subsidiary, SMF Inc., which will transition into a joint venture company, equally owned by Money Forward and Sumitomo Mitsui Banking Corporation, potentially enhancing their market positioning and operational capabilities in the financial technology sector.
The most recent analyst rating on (JP:3994) stock is a Buy with a Yen6000.00 price target. To see the full list of analyst forecasts on Money Forward stock, see the JP:3994 Stock Forecast page.
More about Money Forward
Money Forward, Inc. operates in the financial technology industry, offering services such as digital banking and Banking-as-a-Service (BaaS). The company focuses on leveraging technology to enhance financial services and streamline banking operations.
Average Trading Volume: 474,976
Technical Sentiment Signal: Buy
Current Market Cap: Yen276.1B
Find detailed analytics on 3994 stock on TipRanks’ Stock Analysis page.