Mizuho Bank to Acquire AI Financial Venture

Mizuho Bank to Acquire AI Financial Venture

Mizuho Financial Group President Masahiro Kihara (left) and Upsider Holdings Representative Director Toru Miyagi pose for photos at a press conference in Tokyo on Tuesday.
Mizuho Financial Group President Masahiro Kihara (left) and Upsider Holdings Representative Director Toru Miyagi pose for photos at a press conference in Tokyo on Tuesday.

   Tokyo, July 29 (Jiji Press)--Mizuho Financial Group Inc. said Tuesday that it will acquire Upsider Holdings Inc., a Tokyo-based financial venture that uses artificial intelligence to provide credit cards and accounting efficiency services for corporate clients.
   Mizuho Bank, the core subsidiary of the Japanese financial group, will purchase a 70 pct stake in the venture for some 46 billion yen and make it a consolidated subsidiary. Mizuho Bank aims to strengthen financial services for small businesses and startups.

(2025/07/29-19:35)

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