“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?”
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.
D360 Bank uses Thunes for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 2 layers in D360 Bank's stack: Lending (Personal Financing and Musaned Personal Financing); FX & payouts (Thunes).
D360 Bank was founded by Investment consortium led by Derayah Financial Company and Public Investment Fund and is founded in 2022, headquartered in Riyadh, Saudi Arabia.
Get a read on where your own stack stands against D360 Bank and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.