{"id":12675,"date":"2025-06-05T03:34:45","date_gmt":"2025-06-05T03:34:45","guid":{"rendered":"https:\/\/fintechnews.ae\/?p=26465"},"modified":"2025-06-05T03:34:45","modified_gmt":"2025-06-05T03:34:45","slug":"saudi-digital-bank-d360-eyes-series-a-in-2025-targets-global-investors","status":"publish","type":"post","link":"https:\/\/mena-fintech.org\/demo\/saudi-digital-bank-d360-eyes-series-a-in-2025-targets-global-investors\/","title":{"rendered":"Saudi Digital Bank D360 Eyes Series A in 2025, Targets Global Investors"},"content":{"rendered":"

Saudi Arabia\u2019s digital bank D360, backed by the Public Investment Fund<\/a> (PIF), is in preliminary discussions with potential global investors as it prepares for a Series A funding round slated for the second half of 2025.<\/p>\n

The Shariah-compliant bank, which began operations in December, aims to complete the fundraising in the first quarter of 2026, according to Chief Executive Officer Eze Szafir in an interview with Bloomberg<\/a>.<\/p>\n

This follows D360\u2019s successful raising of approximately US$500 million from existing shareholders, including the PIF and Derayah Financial Co.<\/p>\n

Szafir did not specify the size of the upcoming round but said the funds would support efforts to expand services to small and medium-sized enterprises (SMEs), in line with Saudi Arabia\u2019s economic diversification objectives under Vision 2030.<\/p>\n

\"Eze
Eze Szafir<\/figcaption><\/figure>\n
\n

\u201cWe\u2019re looking for new investors in the international landscape, most probably from Europe or the US, with the same quality we have here with the PIF and Derayah,\u201d<\/p>\n<\/blockquote>\n

Szafir told Bloomberg.<\/p>\n

The bank also plans to launch comprehensive lending services for individuals and SMEs later this year.<\/p>\n

To prepare for the funding round, D360 has appointed former JPMorgan Chase & Co. banker Mohammed Nazer as Chief Financial Officer to oversee the process.<\/p>\n

Nazer said the bank expects to appoint advisers to manage the Series A round by the end of July.<\/p>\n

D360 is among the first institutions to receive a digital banking licence in Saudi Arabia and currently serves over 1 million users.<\/p>\n

It is targeting 4 million account holders ahead of a potential public listing within the next four years.<\/p>\n

By leveraging data-driven strategies and modern technologies, the bank aims to support the development of Saudi Arabia\u2019s digital financial infrastructure in alignment with Vision 2030.<\/p>\n

The move comes as the Saudi Central Bank (SAMA)<\/a>, continues to update regulatory frameworks to facilitate digital transformation in the financial sector.<\/p>\n

SAMA has prioritised innovation and financial inclusion by licensing new digital banking players as part of efforts to modernise the Kingdom\u2019s banking system and bolster financial resilience.<\/p>\n

This regulatory push has contributed to electronic payments accounting for 79% of all retail transactions in Saudi Arabia in 2024, up from 70% in 2023, according to SAMA.<\/p>\n

The central bank also reported that non-cash retail transactions totalled 12.6 billion in 2024, compared with 10.8 billion the year before, reflecting ongoing growth and adoption of digital payments nationwide.<\/p>\n

 <\/p>\n

Featured image credit: Edited by Fintech News Middle East, based on image by mohammedyounos20<\/a> via Freepik<\/em><\/p>\n

The post Saudi Digital Bank D360 Eyes Series A in 2025, Targets Global Investors<\/a> appeared first on Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Saudi Arabia\u2019s digital bank D360, backed by the Public Investment Fund (PIF), is in preliminary discussions with potential global investors as it prepares for a Series A funding round slated for the second half of 2025. The Shariah-compliant bank, which began operations in December, aims to complete the fundraising in the first quarter of 2026, […]<\/p>\n

The post Saudi Digital Bank D360 Eyes Series A in 2025, Targets Global Investors<\/a> appeared first on Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[274,203,200,211,173],"tags":[],"class_list":["post-12675","post","type-post","status-publish","format-standard","hentry","category-d360","category-public-investment-fund","category-saudi-arabia","category-saudi-central-bank-sama","category-saudia-arabia"],"_links":{"self":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/comments?post=12675"}],"version-history":[{"count":2,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12675\/revisions"}],"predecessor-version":[{"id":12712,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12675\/revisions\/12712"}],"wp:attachment":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/media?parent=12675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/categories?post=12675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/tags?post=12675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}