#Japan #Tokyo #Money Forward #Cashmo #Cloud Service

Money Forward Announces Acquisition of Cashmo

In a significant move to strengthen its business and enhance the value of services offered, Money Forward, a leading provider of cloud-based financial management solutions, announced its decision to acquire 75% of Cashmo's shares, an accounting BPO service provider, as of May 30, 2025. The stock acquisition is set to be executed on June 30, 2025, and with this acquisition, Cashmo will officially join the Money Forward group, expanding its capabilities and synergies.

Cashmo has been known for its comprehensive accounting BPO services targeting small and medium-sized enterprises (SMEs). Their core mission, "Increasing good companies and energizing Japan," aligns well with Money Forward's objectives, as they have actively supported the implementation and operation of 'Money Forward Cloud' for numerous clients. This acquisition is seen as a step forward in transforming back-office operations under the shared mission, "Advance business, support workers further forward."

The services provided by Cashmo include bookkeeping, payroll processing, invoicing and payment operations, and financial consulting, all tailored to meet the needs of SMEs. As part of the acquisition, Money Forward is set to introduce a new service called 'Money Forward Omakase Keiri' (Outsourced Accounting) from June 6, 2025, aimed at supporting SMEs with streamlined accounting processes.

This new offering is particularly noteworthy as it combines the wealth of knowledge Cashmo has gained through its extensive experience in the accounting BPO sector, bringing additional value to Money Forward's service portfolio. Both companies believe that the acquisition will lead to improved efficiency and speed in delivering existing products and services while fostering deeper integration in product development activities.

In addition, Money Forward has established partnerships with various professional firms under its 'Money Forward Cloud' certified member system, enabling them to provide bookkeeping outsourcing services through their known product, 'STREAMED'. This collaboration between the two companies aims to leverage the insights gained in accounting operations into faster and more efficient product improvements.

As the demand for accounting BPO services continues to grow, particularly among professional service firms that struggle with diverse client workflows and varying software usage, the partnership between Money Forward and Cashmo will provide necessary resources and insights. Money Forward will not only facilitate the sharing of BPO operational expertise with these firms but also explore the development of new products tailored for the professional services sector.

The backdrop of this acquisition stems from the ongoing challenges that SMEs face regarding a decreasing workforce and heightened competition for skilled labor. Many SMEs convey difficulties in easily adopting and implementing cloud solutions for operational design. Cashmo's joining with Money Forward is anticipated to enable them to provide comprehensive outsourced solutions for accounting tasks while addressing labor shortages.