D360 Bank is the first licensed digital bank in Saudi Arabia, offering a fully compliant banking experience that adheres to Islamic finance principles. It provides users with flexible, secure access to banking services anytime and anywhere, addressing the need for modern financial solutions in a rapidly digitizing economy.
Funding
$439.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional banking in Saudi Arabia may lack the flexibility and accessibility required by a rapidly digitizing population, potentially excluding individuals who seek modern, convenient financial solutions. Existing banking services may not fully align with the principles of Islamic finance, creating a need for Sharia-compliant alternatives.
Solution
D360 Bank offers a fully digital and Sharia-compliant banking experience, providing users in Saudi Arabia with flexible and secure access to financial services anytime, anywhere. By adhering to Islamic finance principles, D360 Bank ensures that its products and services align with the values and beliefs of its customers. The bank's digital platform allows users to manage their finances with ease, eliminating the need for physical branches and offering a seamless banking experience.
Target Audience
The primary target audience is individuals in Saudi Arabia seeking a modern, flexible, and Sharia-compliant digital banking solution.
Features
- Fully digital banking platform accessible anytime, anywhere
- Compliance with Sharia principles, overseen by an independent Sharia board
- Mobile application for convenient account management and transactions
- Waiting list registration for early access to the banking experience
- Referral program to advance position in the waiting list