Amazon Isn’t the Only Retailer Pushing into Financial Services

Amazon has been in the news lately for their continued push into banking related services but they are not the only ones making the push; TearSheet looks into three big name retailers also pushing their businesses into finance; Rakuten is Japan’s largest e-commerce site as their footprint includes video on demand, mobile messaging and they also operate the largest online bank in the country; has been building a marketplace for financial services named the FinancHub; two of the U.K.’s largest grocers, Sainsbury and Tesco, have opened banks via joint ventures. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.