Japan startup gets bank money as entrepreneurship grows

TOKYO (AP) — Tucked in a shabby alley of Shibuya, Japan's Silicon Valley, is a startup that's done the almost impossible: win funding from the country's notoriously conservative banks.

It's a hopeful sign the world's third largest economy, known for tight regulations, the old boys' network and adversity to risk-taking, may be warming up to new types of entrepreneurship.

Moneytree, with a staff of 18, has developed iPhone and iPad applications that allows people to track their expenses,...

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