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Largest Neobanking Public Companies in Japan

Benchmark revenue and EBITDA valuation multiples for public comps like
PayPay and Rakuten Bank.

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PayPay		Neobanking+1	$20	--	$14B	$221B	—	—
Rakuten Bank		Neobanking	$39	+4%	$7B	$25B	20.0x	—

Financial data powered by FactSet and Morningstar. Valuation multiples as of last 12 months. For more data, start your free trial here.

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