Bank tracked in the Embedded Finance Index. Named by 2 companies, most often as their banking-as-a-service.
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2 companies name Zand Bank in their stack. The most common role is banking-as-a-service (2). A company can use the same bank for more than one thing.
Founded in 2018 as a digital banking venture under Eradah Capital LLC, Zand secured a full UAE banking licence in 2022 and positioned itself as the country's first all-digital bank. The bank quickly pivoted beyond conventional corporate banking to embrace blockchain and digital assets — launching institutional custody, a regulated AED-backed stablecoin (AEDZ via Zand Trust), and ZandMint for stablecoin delivery to blockchain wallets. The embedded finance angle centres on its API-first banking platform (Virtual IBANs, real-time payments, automated reconciliation) marketed to fintechs and corporates, and its partnership with Paymentology for card issuing and BIN sponsorship — effectively positioning Zand as a sponsor bank and infrastructure layer for the UAE's digital economy.
Other banks named for BaaS in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
An embeddable badge for Zand Bank’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.
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alt="Ranked #228 of 340 in BaaS — Embedded Finance Index 2026">
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<img src="https://www.embeddedfinanceindex.com/api/badge/zand-bank/install" width="1" height="1" alt="" style="display:none">2 companies are linked to Zand Bank in the Embedded Finance Index 2026, through their own public disclosures or Zand Bank's published customer list, including Zand and Yuze.
Zand Bank is a bank. Companies in the Embedded Finance Index 2026 name it as their banking-as-a-service (2), lending partner (1) and sponsor bank (1).
The most-named BaaS alternatives to Zand Bank are Evolve Bank & Trust (71 buyers), Sutton Bank (63 buyers), Cross River (56 buyers), Pathward (48 buyers), ClearBank (39 buyers) and Thread Bank (35 buyers).
Zand Bank is founded in 2018 and headquartered in Dubai, UAE.
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