Raksul Bank, GMO Aozora to launch SME finance platform

Raksul Bank Co., Ltd., a subsidiary of Raksul Inc., has signed a BaaS (Banking as a Service) deal with GMO Aozora Net Bank, Ltd. This is current as of June 25. This partnership paves the way for Raksul Bank, a new financial service launching in 2025. It seeks to address the money problems that small and medium-sized businesses (SMEs) face.

The two companies have commenced the development of this service using BaaS technology, with the goal of building a financial platform that delivers fast, tailored support for SME customers using Raksul’s suite of services. The platform will focus on offering a user experience specifically designed around the real-world challenges these businesses face.

The partnership with GMO Aozora Net Bank was formed to enable Raksul Bank to deliver seamless banking services through a trusted and capable partner in the financial sector. The companies are currently preparing to obtain a bank agency license, with GMO Aozora Net Bank as the affiliated institution. Service provision will begin upon successful acquisition of this license.

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Background and Purpose

With over 3 million SMEs already using its printing, advertising, and business support services, the Raksul Group has gained deep insights into the financial hurdles that impede growth for many of these businesses. Key issues include:

• Lengthy and complex corporate account setup and approval processes
• High transfer fees and complicated procedures
• Limited cash flow due to payment terms dictated by clients
• Restricted payment methods to partners, hampering operational fluidity

To address these pain points, the Raksul Group is building a financial platform to support SMEs in their growth phases—helping them avoid missed investment opportunities and reduce operating costs. Through this initiative, Raksul Bank will serve as a strategic infrastructure to fuel the advancement of SMEs.

GMO Aozora Net Bank ’s alliance supports its goal to be the top bank for small businesses and startups. Raksul Bank helps entrepreneurs and SMEs grow with its financial services. This also increases its value in digital banking.