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Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services
mti.co.jp

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Investments

8

Portfolio Exits

3

Partners & Customers

1

About MTI Group

MTI (TYO: 9438) provides consumer-focused mobile phone content and manages portal sites for mobile phones. The company offers music files through the music.jp​ brand, decoration mail materials, and comics. It also manages sites for health management, weather forecasting, navigation, and social networking.

MTI Group Headquarter Location

35th Floor, Tokyo Opera City Tower 3-20-2 Nishi-Shinjuku, Shinjuku-ku

Tokyo, 163-1435,

Japan

+81-3-5333-6789

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MTI Group Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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MTI Group Rank

Latest MTI Group News

Mirror Trading International reportedly owes more than $ 129 million to previously unrecorded debtors – Bitcoin News settlement

Dec 7, 2021

Debtors missing The liquidators of the collapsed South African bitcoin Ponzi scheme, Mirror Trading International (MTI), recently released a statement suggesting the system is owed up to $ 129.6 million (R 2.07 billion) to debtors hitherto unrecorded. According to a report by Moneyweb, preliminary investigations by liquidators also show that MTI had assets valued at more than $ 190 million. However, the report says the liquidators conceded that they still had to conduct further investigations. These reports of new claims against MTI follow confirmation by the liquidators that they had successfully requested the liquidation of JNX Online, a company said to be controlled by Johann Steynberg, the former CEO of the program. As explained in the report, Steynberg and his wife, Nerina, allegedly used JNX Online to buy and sell bitcoin. The same company was also used to make payments to creditors of MTI and Nerina. Legal action option The liquidators, according to the report, believe that legal action – which allows them to investigate fraudulent claims against MTI – may be necessary. In addition to the cited lawsuit, the report says “crypto specialists” have since been appointed to help quantify and identify the claims obtained from MTI’s back-office platform. Before running up against legal and regulatory issues, MTI marketed itself as a legitimate bitcoin investment platform with over 300,000 investors. Yet, as the findings of an investigation by the liquidators show, the number of investors is in fact much lower than that. Meanwhile, the Moneyweb report said the liquidators will continue to investigate the circumstances leading to the collapse of MTI “through Section 417 and Section 418 investigations under the Companies Act.” What do you think of this story? Let us know what you think in the comments section below. Image credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, nor a recommendation or endorsement of any product, service or business. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, good or service mentioned in this article. More popular news

MTI Group Investments

8 Investments

MTI Group has made 8 investments. Their latest investment was in HiJoJo Partners as part of their Convertible Note on July 7, 2018.

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MTI Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/21/2018

Convertible Note

HiJoJo Partners

$2.96M

Yes

Credit Saison, Finatext Holdings, and Undisclosed Angel Investors

2

2/15/2018

Seed VC - II

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$99M

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10

12/20/2017

Corporate Minority

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$99M

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10

5/9/2017

Corporate Minority - II

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$99M

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10

12/12/2012

Series A

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$99M

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10

Date

7/21/2018

2/15/2018

12/20/2017

5/9/2017

12/12/2012

Round

Convertible Note

Seed VC - II

Corporate Minority

Corporate Minority - II

Series A

Company

HiJoJo Partners

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Amount

$2.96M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Credit Saison, Finatext Holdings, and Undisclosed Angel Investors

Sources

2

10

10

10

10

MTI Group Portfolio Exits

3 Portfolio Exits

MTI Group has 3 portfolio exits. Their latest portfolio exit was Jibe Mobile on September 30, 2015.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/30/2015

Acquired

3

00/00/0000

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$991

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10

00/00/0000

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10

Date

9/30/2015

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

Acquirer

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Sources

3

10

10

MTI Group Acquisitions

3 Acquisitions

MTI Group acquired 3 companies. Their latest acquisition was Crowd Cast on February 21, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/21/2020

Corporate Majority

$1.13M

Corporate Majority

2

3/13/2018

Corporate Minority - II

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$99M

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10

11/26/2010

Corporate Minority - II

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$99M

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10

Date

2/21/2020

3/13/2018

11/26/2010

Investment Stage

Corporate Majority

Corporate Minority - II

Corporate Minority - II

Companies

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Valuation

Total Funding

$1.13M

$99M

$99M

Note

Corporate Majority

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Sources

2

10

10

MTI Group Partners & Customers

1 Partners and customers

MTI Group has 1 strategic partners and customers. MTI Group recently partnered with NEC on June 6, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

6/28/2021

Partner

NEC

Japan

NEC and MTI enter strategic partnership to accelerate Open RAN deployments globally

This strategic partnership extends NEC 's Open RAN product lineup , addressing a market opportunity .

1

Date

6/28/2021

Type

Partner

Business Partner

NEC

Country

Japan

News Snippet

NEC and MTI enter strategic partnership to accelerate Open RAN deployments globally

This strategic partnership extends NEC 's Open RAN product lineup , addressing a market opportunity .

Sources

1

MTI Group Team

3 Team Members

MTI Group has 3 team members, including former Chief Financial Officer, John Brand.

Name

Work History

Title

Status

Timothy R Andersen

Founder

Current

Mark D Johnson

Founder

Current

John Brand

Chief Financial Officer

Former

Name

Timothy R Andersen

Mark D Johnson

John Brand

Work History

Title

Founder

Founder

Chief Financial Officer

Status

Current

Current

Former

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