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Business

Fintech startup Money Forward IPO expected September

Budgeting app has more than 5 million users

With the Money Forward app, users can keep digital records of their expenditure by photographing receipts.

TOKYO -- Fintech startup Money Forward could go public on the Tokyo Stock Exchange's Mothers market by September.

The funds raised from the initial public offering will be spent on boosting sales offices and expanding operations and the company's market capitalization is expected to be between 10 billion yen to 20 billion yen.

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