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D360 Bank

“Can a PIF-backed Saudi digital bank become the financial OS for both Saudi consumers and the Kingdom's emerging fintech/startup ecosystem by combining Shariah-compliant products with best-in-class global infrastructure partnerships?”

Founded2022
HQRiyadh, Saudi Arabia
FoundersInvestment consortium led by Derayah Financial Company, Public Investment Fund
IndustryFintech / Neobank
The story

D360 Bank was established in 2022 as Saudi Arabia's first fully digital bank, backed by the Public Investment Fund (PIF) and Derayah Financial, with a mandate to drive Vision 2030's cashless payments target. The bank launched with a consumer-first Shariah-compliant product suite—current accounts, savings (Sanabil), debit cards, and international transfers via Thunes. It has since expanded into personal financing (Musaned), a family spending card (Masareef), a charity card (Ehsan), and a business banking offering targeting startups and fintechs in the Kingdom, positioning itself as the digital financial OS for Saudi Arabia.

Last 12 months
2025-04
Product timeline
2022
D360 Bank officially launched as Saudi Arabia's first fully digital bank, licensed by SAMA under Council of Ministers decree No. 389 dated 14/07/1443H with initial paid-up capital of SAR 1.65 billion.· banking
2023
Partnered with Thunes to enable instant cross-border remittances and B2B payments for customers across MENA and global markets.· banking
2023
Launched Sanabil savings accounts (Mudaraba-based monthly and daily accounts), Masareef prepaid card for family spending control, and Ehsan charity card.· banking
2024
Capital increased to SAR 2.1 billion to support expansion and growth plans.· banking
2025
Reached 3 million+ customers and expanded product suite to include personal financing and business banking for startups and fintechs.· banking
Regulated entities
1
regulatory licence held by D360 Bank
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in D360 Bank’s embedded-finance stack
Lending
Personal FinancingMusaned Personal Financing
FX & payouts
in the full report
Accounting gap: minor
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.