D360 is a Shariah-compliant digital bank in Saudi Arabia, backed by the Public Investment Fund. One of the first institutions granted a digital banking licence in the Kingdom, it began operations in December and serves over 1 million users, targeting 4 million account holders ahead of a potential public listing within four years.
The bank secured around $500 million from existing shareholders including PIF and Derayah Financial Co, and has been in early talks with potential global investors ahead of a Series A round intended to support expansion into services for small and medium enterprises. It is led by Chief Executive Eze Szafir, with Mohammed Nazer as chief financial officer.
Facts compiled by Executive Moves from publicly available news and press releases on 15 July 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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