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Funded by the venture capital firm Foundation Capital, [6] Ebates.com was launched on 3 May 1999, offering up to 25% cash back from about 40 online retailers. [7] In September 2014, Ebates was acquired by the Japanese e-commerce company Rakuten for US$1 billion. [8] In 2019, the Ebates brand was phased out and replaced with Rakuten Rewards. [9]
On September 9, 2014, Rakuten announced the purchase of San Francisco–based online rebate site Ebates.com for $1 billion in cash. The acquisition of Ebates, a website that allows customers to earn cash back when shopping online with over 2,600 retailers, gave Rakuten.com additional presence in the US e-commerce market, as well as a way to ...
rakuten.com. Rakuten Group, Inc. (楽天グループ株式会社) ( Japanese pronunciation: [ɾakɯ̥teɴ]) is a Japanese technology conglomerate based in Tokyo, founded by Hiroshi Mikitani in 1997. Centered around the online retail marketplace Rakuten Ichiba, its businesses include financial services utilizing Fintech, digital content and ...
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As one might expect, average balances of consumers with a single credit card are generally lower than total balances of all consumers. The average balance of $2,134 for single credit card ...
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