Japanese e-commerce giant Rakuten launches $100M fund for FinTech startups worldwide

Rakuten Chairman and CEO Hiroshi Mikitani

Japan’s e-commerce giant Rakuten announced today the launch of Rakuten FinTech Fund, which is valued at $100 million.

According to the announcement, the new fund will invest in FinTech startups in London, San Francisco, New York City, and Berlin, operated by the fund’s managing partner Oskar Miel. He has been working closely with FinTech startups and Rakuten’s financial services units, having led investments in Bitnet and WePay for Rakuten.

The fund was formed by and received funds from FinTech businesses under the Rakuten group, such as Rakuten Card, Rakuten Securities, Rakuten Bank, and Rakuten Life Insurance.

Edited by “Tex” Pomeroy and Kurt Hanson