Saudi digital bank courts investors


The bank has already raised around US$500mil from existing shareholders, including the PIF and Derayah Financial Co. — Bloomberg

RIYADH: D360, a digital bank backed by Saudi Arabia’s Public Investment Fund, is in early-stage talks with potential investors for a planned funding round in the second half of the year.

The lender, which began operations in December, is targeting the first quarter of 2026 to close the Series A funding, chief executive officer Eze Szafir said last week.

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