TIS Inc. is part of the TIS INTEC Group. They have bought all shares of Finovale Inc. from its parent company, iRidge Inc. On April 25, 2025, TIS signed a memorandum of understanding. With this deal, Finovale will become a subsidiary of TIS. A share transfer agreement with iRidge should be finished by May 2025. The transfer will happen in June.
TIS launched “Aizu Coin” in Aizuwakamatsu City, Fukushima in March 2023. This initiative aims to boost local economies. It encourages cashless transactions and develops new services using payment data.
Finovale, founded in June 2018, is a spin-off from iRidge’s FinTech division. It operates the digital currency platform “MoneyEasy.” The company helps launch digital currencies like Sarubobo Coin in Hida Takayama, Gifu Prefecture, and Setagaya Pay in Setagaya Ward, Tokyo. By March 2025, 18 municipalities and regions in Japan will use MoneyEasy-powered digital currencies. Finovale provides consulting and operational support. It collaborates with local governments to boost regional revitalization using its platform and expertise.
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With this acquisition, TIS Inc and Finovale want to improve their services. They will combine their strengths to boost the value of digital local currencies.
