What is One Zero Bank?
One Zero Bank represents a paradigm shift in the Israeli financial sector, operating as a fully digital bank founded by tech entrepreneur Amnon Shashua. By removing the traditional overhead associated with physical branches, the bank utilizes autonomous systems and digital-first architecture to provide streamlined financial services. Currently operating in a pilot phase, the institution is designed to cater to modern consumer needs through a sophisticated, software-driven interface that prioritizes efficiency and user experience.
How much funding has One Zero Bank raised?
One Zero Bank has raised a total of $302M across 3 funding rounds:
Series A
$120M
Unspecified
$120M
Other Financing Round
$62M
Series A (2021): $120M with participation from Julius Baer, Tencent, and SBI
Unspecified (2021): $120M led by Julius Baer Group, Tencent, and SBI Holdings
Other Financing Round (2023): $62M supported by SBI, Tencent, and West Coast Equity Partners
Key Investors in One Zero Bank
Tencent
Tencent is a global technology company that develops digital platforms, software, and internet based services for consumers and businesses. The company operates social networking, messaging, gaming, digital entertainment, cloud computing, financial technology, advertising, artificial intelligence, and enterprise solutions.
West Coast Equity Partners
West Coast Equity Partners is a venture capital firm that partners with visionary founders to develop transformative technology companies. They focus on investing in innovative startups that have the potential to disrupt industries.
Julius Baer
Julius Baer is a leading Swiss wealth management group, focusing on servicing and advising sophisticated private clients and providing high-end financial solutions.
What's next for One Zero Bank?
With the recent capital injection, One Zero Bank is well-positioned to accelerate its market penetration and refine its core banking infrastructure. The strategic focus will likely shift toward expanding service offerings beyond the initial pilot group and integrating more advanced AI-driven financial tools. As the bank matures, the emphasis will remain on maintaining regulatory compliance while scaling its digital ecosystem to challenge legacy banking incumbents. The backing from global technology and financial powerhouses provides the necessary stability to navigate the complexities of the evolving fintech environment.
See full One Zero Bank company page
