Dbank is a fintech startup headquartered in Islamabad that aims to expand the reach of financial services in Pakistan. The company positions itself to democratize banking and to take on the informal credit system that often exploits customers with exorbitant and unpredictable interest rates. Founders Tania Aidrus and Khurram Jamali draw on experience at Google—where they worked on payments rails for the Next Billion Users initiative—and Aidrus' subsequent role as Chief Digital Officer at the Government of Pakistan. Dbank has applied to become a digital retail bank and plans to build a customer-centric digital bank for the Pan-Islamic world beginning with Pakistan. The startup cites Pakistan's public digital infrastructure—Raast (real-time payments) and NADRA (digital identity)—as key enablers for its digital-native approach. Financially, Dbank raised a $17.6 million seed round, described as the largest in Pakistan, co-led by Sequoia Capital Southeast Asia and Kleiner Perkins with participation from Nubank, Askari Bank and Rayn.

Total raised

$18M

Funding rounds

1

Latest round

Seed

Latest activity

Jul 2022