What is One Zero Bank?
One Zero Bank represents a significant shift in the Israeli financial sector, serving as the first new bank to be established in the region in over four decades. Founded by tech visionary Amnon Shashua, the architect behind the autonomous driving leader Mobileye, the bank operates as a fully digital entity. Its core value proposition lies in removing the friction associated with legacy banking systems, offering a streamlined, technology-driven experience that caters to the needs of modern consumers. Currently, the bank is refining its service model through a targeted pilot program, ensuring that its digital architecture is robust enough to support full-scale retail banking operations.
How much funding has One Zero Bank raised?
One Zero Bank has raised a total of $302M across 3 funding rounds:
Unspecified
$120M
Series A
$120M
Other Financing Round
$62M
Unspecified (2021): $120M with participation from Julius Baer Group, SBI Holdings, and Tencent
Series A (2021): $120M led by Tencent, SBI, and Julius Baer
Other Financing Round (2023): $62M supported by Tencent, West Coast Equity Partners, and SBI
Key Investors in One Zero Bank
Tencent
Tencent is a global technology conglomerate that develops digital platforms, software, and internet-based services, with a strong focus on cloud computing and financial technology innovation.
West Coast Equity Partners
West Coast Equity Partners is a venture capital firm that partners with visionary founders to develop transformative technology companies, focusing on disruptive startups.
Julius Baer
Julius Baer is a leading Swiss wealth management group that provides comprehensive financial services and strategic investment support to high-growth enterprises.
What's next for One Zero Bank?
Looking ahead, the strategic focus for One Zero Bank involves scaling its digital platform to accommodate a wider demographic while maintaining the high standards of security and efficiency expected of a modern financial institution. The recent capital injection will likely be deployed toward enhancing the bank's proprietary AI-driven financial tools and expanding its operational footprint. As the company moves beyond its pilot phase, the emphasis will shift toward customer acquisition and the integration of additional value-added services that differentiate it from traditional incumbents. With the support of its high-profile investor base, One Zero Bank is poised to redefine the standards of digital banking, potentially setting a new benchmark for fintech innovation in the region.
See full One Zero Bank company page
