Japanese UX design firm Goodpatch secures US$3.6 million in Series C to better serve FinTech businesses

Thu Apr 27, 2017 - 1:20am GMT+0000
Japanese UX design firm Goodpatch secures US$3.6 million in Series C to better serve fintech businesses

Japanese UX/UI design agency Goodpatch announced on Wednesday that it has raised 400 million yen (about US$3.6 million) from SBI Fintech Fund, the investment arm of SBI Investment and Mitsui Sumitomo Insurance Capital in a Series C round.

This is the third funding round for the startup which follows a US$1 million series A round in December 2013 and a US$2.5 million Series B round raised last February.

Besides, along with this announcement, Goodpatch also revealed that they are undertaking a project to improve the UX/UI design of SBI Investment’s SBI Securities, in addition to launching an in-house UI/UX design team which will specialize in FinTech.

The startup also plans to open a lab to dispatch and share useful design and development know-hows to both the FinTech and design industries in the future.

Founded in August 2011 by CEO Naofumi Tsuchiya who had previously interned at San Francisco’s digital agency Btrax, Goodpatch is a design consultancy company that takes into account both design and product development.

The UI design company holds the vision of creating design products that move people’s hearts and the startup has been helping businesses to design and develop digital products, with studios in Tokyo and Berlin. It officially released its first prototyping tool Prott in October 2014, which has been used by major IT companies, startups, design firms, etc.

Goodpatch’s UX/UI portfolio in the FinTech sector includes Money Forward’s public release in May 2014, MYDC’s public release in January 2017, as well as the public release of Quick’s Shinkly in 2017.

By Vivian Foo, VCNewsNetwork