rakuten-logoRakuten, Inc. today announced the official launch of the Rakuten FinTech Fund, a new 100 million USD global investment fund focused on investments in early to mid-stage fintech startups that offer attractive return potential with appropriate strategies. The fund will target investments in startups and fast growing companies primarily in the U.S. and Europe and build on the success of previous fintech investments made by Rakuten, including Currency Cloud, WePay and Bitnet.

Rakuten will manage this fund with its Managing Partner, Oskar Mielczarek de la Miel acting as the fund advisor.

The Rakuten FinTech Fund is part of a natural evolution for Rakuten’s collection of fintech businesses: Rakuten Card, Rakuten Securities, Rakuten Bank, Rakuten Life Insurance. Rakuten believes that by investing in FinTech startups, the company will be able to stay at the forefront of innovation and empower FinTech companies and internet financial services globally.

Mr. Hiroshi Mikitani, CEO of Rakuten commented, “Rakuten is committed to empowering great entrepreneurs around the world and Rakuten’s new FinTech Fund represents another milestone in our global expansion of the financial services business.”

The fund advisor, Mr. Oskar Miel said, “If you just look at the last couple of years, companies like Currency Cloud, WePay or Bitnet are great examples of disruption changing the landscape in payments and providing innovative solutions that address fundamental needs of global customers. The Rakuten FinTech Fund is dedicated to helping these businesses accelerate disruption and innovation in historically more traditional and conservative markets.”

The fund will start with companies based in fintech centers such as London, San Francisco, New York and Berlin, and plans to expand operations worldwide.

(Source: Rakuten)

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