How Does Rakuten Make Money? Dissecting Its Business Model

Rakuten Business Model

Executive Summary: Rakuten makes money from various internet service portals, personal finance solutions, mobile plans, venture investments, and much more. The business model of Rakuten is predicated on creating an ecosystem around the 70+ businesses it runs. What Is Rakuten? Rakuten, which stands for “optimism” in Japanese, is a technology conglomerate that serves users in … Read more

Who Owns Venmo? The Answer Might Surprise You

Who Owns Venmo

Venmo, with over $230 billion in annually processed payments, is one of America’s most popular financial applications. It has become so ubiquitous that even U.S. president Joe Biden is using it (although that has caused all kinds of issues for the company). And while Venmo has always presented itself as an independent entity, many don’t … Read more