Tagged: rakuten

Rakuten Wallet Announces Launch of Spot Trading Services for Crypto Assets

Rakuten Wallet, Inc., a consolidated subsidiary of Rakuten Group and operator of a crypto asset (virtual currency) exchange business, announced on Monday it has launched a spot trading service for crypto assets, which allows users to conduct spot trading of crypto assets through its dedicated… Read More

Blockchain Security Company CipherTrace Forms New Partnership With Rakuten Wallet For Anti-Money Laundering Compliance

Blockchain security company CipherTrace announced on Wednesday it has formed a new partnership with Rakuten Wallet, a subsidiary of Rakuten Group, a global company that operates an e-commerce site in Japan, to assure anti-money laundering (AML) compliance for the Rakuten’s highly anticipated cryptocurrency exchange. According… Read More

Kreditech Russia Receives MFC Status from Central Bank of Russia

Kreditech Group subsidiary, LLC MFC  Kreditech Russia, received the status of a Microfinance Company (MFC) from the Central Bank of Russia. A new federal law in Russia aims to make the microfinance market transparent and understandable and requires MFC status for all alternative lending companies operating in… Read More

Online Lender Upstart Raises $32.5 Million as Googler Joins as CFO

Online lending platform UpStart has raised $32.5 million led by Rakuten, a Japanese conglomerate that has been pushing into Fintech, and a large “US-based Asset manager”. Existing investors Third Point Ventures, Khosla Ventures, and First Round Capital also participated in the funding round. Oskar Mielczarek de… Read More

Kreditech Receives €10M Investment from Rakuten

Consumer finance technology group, Kreditech, announced on Thursday it received a €10 million equity investment from Rakuten, Inc. The company stated it plans to use the new funds to further develop its partnership business. Alexander Graubner-Müller, founder and CEO of Kreditech, explained that Rakuten invested… Read More

Unicorn Alert? Japanese P2P Marketplace Mercari Secures $75M in Series D Investment

Mercari, a Japanese peer-to-peer marketplace, has raised around $75 million ( 8.4 billion yen) at a reported valuation of more than $1 billion, reported Red Herring. The company’s Series D investment round includes Mitsui & Co, Development Bank of Japan and Sumitomo Mitsui Trust Bank’s Japan… Read More

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