Rakuten Bank is Japan’s largest digital bank, with 16 million accounts and 11 trillion yen ($72 billion) in deposits. The bank benefits from its close relationship with its parent firm, Rakuten Group, a diversified tech conglomerate covering more than 70 businesses including e-commerce, telecommunications, and insurance. Fintech is a bright spot for the Rakuten Group, whose mobile unit has been losing money since its launch in 2020.
- Company Information
- Fintech Innovators Asia
- Updated:11/6/24
- Country/Territory:Japan
- Headquarters:Tokyo
- Industry:Commercial Banks
- CEO:Hiroyuki Nagai
- Website:https://www.rakuten-bank.co.jp
- Ticker:
- Company type:Public
- Revenues ($M):$908
- Profits ($M):$224
- Market value ($M):$3,456
- Number of employees:1,056
Figures are for the latest twelve months ended Jun. 30, 2024. Market value as of October 28, 2024. Source: S&P Global.
- Category:Digital Banks
- Rank within category:4
Rakuten Bank in Fortune Rankings
- Fintech Innovators Asia