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Rakuten has more than 28,000 employees worldwide, operating in 30 countries and regions, [3] and its revenues totalling US $12.8 billion as of 2021. [4] Rakuten was the official sponsor of the Spanish football club FC Barcelona from 2017 until 2022, [ 5 ] [ 6 ] and the Golden State Warriors of the NBA as of 2022.
Rakuten Rewards was founded as Ebates in 1998 in Menlo Park, California, by two former deputy district attorneys, Alessandro Isolani and Paul Wasserman. 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.
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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 offer items such as online e-coupons. [22] [23] In March 2015, Rakuten.com partnered with Bitnet to accept bitcoin as payment. [24] [25]
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