Mizuho Bank and Rakuten Bank form strategic partnership, bringing megabank corporate foundation to online bank

Mizuho Bank and Rakuten Bank announced a strategic capital and business alliance.

After Rakuten’s financial business restructuring, Mizuho is expected to become a major shareholder in Rakuten Bank.

The two banks will collaborate on large corporate receivables, asset securitization for small businesses, housing loans, and emergency cash payout support.

The deal combines Mizuho’s corporate banking strength with Rakuten Bank’s digital operations, signaling a shift in fintech restructuring and new revenue models.