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Dbank, a new digital banking startup based in Islamabad, Pakistan, has raised $17.6 million in seed funding as it prepares to launch.
Dbank Raises $17.6 Million Seed Funding
The investment round was co-led by Sequoia Southeast Asia and Kleiner Perkins, with angel investors who have worked for Brazilian digital banking giants Nubank, Askari Bank, Singapore-based Rayn and RTP Global, as well as companies such as Google and Goldman. house participated. sax and stripes.
Information about the company is currently scarce, but Dbank wrote on its website that it hopes to “make borrowing, trading and safe saving easy,” promoting financial inclusion and “making it easier for all.” It aims to provide people with access to financial services, he added. in Pakistan.
The company was founded in 2021 by Tania Aidrus and Khurram Jamali.
Aidrus previously served as an adviser to the Prime Minister of Pakistan, explaining the country’s digitization framework. Prior to that, he worked at Google for over ten years.
Previously, Jamali was responsible for payment partnerships in Google’s Next Billion User (NBU) market. He also led the Pakistan market at Google Singapore.
The company has submitted a Digital Retail Banking License Application to the National Bank of Pakistan, with Askari Bank acting as a local sponsor.
An official launch date for the Challenger is currently unknown, but interested customers can sign up on the website for the latest information.
