About Bank Zero
Bank Zero is a Financial Services company based in Johannesburg (South Africa) founded in 2016 by Jay Prag, Michael Jordaan, David Longe, Yatin Narsai, Line Wiid, Mo Hassem, and Lezanne Human, and was acquired by Lesaka in June 2025. Internet-first bank for individuals businesses. Its website bankzero.co.za draws about 18 thousand monthly visits. Bank Zero offers products and services including Banking App, Zero Card, Shared Accounts, and Instant Payments. Its focus areas include FinTech, Banking Tech, Internet First Banks and Digital Native Banks. Its competitors include TymeBank, DafriBank and Curve Banking and Financial Services; 1 of its 3 listed competitors has raised funding.
Company details
Bank Zero is an internet-first bank for individuals businesses. It offers services such as savings current accounts, money transfers, cash withdrawal, debit cards, and more.
Products & Services of Bank Zero
Bank Zero offers a comprehensive portfolio of products and services, including Banking App, Zero Card, Shared Accounts, and Instant Payments.
Mobile app for zero-fee transactions and account management
Fraud-protected card for secure online and in-person payments
Feature for joint financial access among users and businesses
System for quick, fee-free local transfers and alerts
Apps and channels of Bank Zero
Bank Zero publishes 2 mobile apps with over 100K+ downloads.
Investors in Bank Zero
Bank Zero has secured backing from 1 investor. Prominent investors backing the company include Lesaka.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Bill payments, POS solution and card acceptance solution for consumers and businesses | 1997 | lesakatech.com | Cape Town, South Africa |
Investor details for Bank Zero
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People of Bank Zero
9 people are tracked at Bank Zero (9 in leadership).
| Name | Role | Group |
|---|---|---|
Jay Prag | Co-Founder | Leadership |
Michael Jordaan | Co-Founder | Leadership |
David Longe | Co-Founder | Leadership |
Yatin Narsai | Co-Founder | Leadership |
Line Wiid | Co-Founder | Leadership |
Mo Hassem | Co-Founder | Leadership |
Lezanne Human | Co-Founder | Leadership |
Gita Daya | Chief Information Officer | Leadership |
Anneke Landman | Head Of Treasury | Leadership |
Complete people profiles for Bank Zero
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Timeline of Bank Zero
2 dated milestones of Bank Zero across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Bank Zero is founded.
- Exit Acquired by Lesaka.
Competitors of Bank Zero
Bank Zero has 3 listed competitors in our database, 1 of them funded. They include TymeBank, DafriBank and Curve Banking and Financial Services.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tymebank.co.za | 2012 | Johannesburg, South Africa | $13.34M | Provider of the digital bank for individuals | ||
| dafribank.com | 2020 | Mthatha, South Africa | Digital banking services are provided to individuals and businesses. | |||
| curvebank.com | 2015 | Johannesburg, South Africa | Serves as a mobile bank catering to retail and corporate customers. |
Detailed competitors of Bank Zero
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- Full competitor set
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Web traffic of Bank Zero
The website of Bank Zero (bankzero.co.za) receives about 17.7K visits a month.
- Monthly visits17.7K
▲ 58% vs previous month
Websites whose visitors overlap most with Bank Zero. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| zenus.com | 100% | 78.4K | #448,083 | View details | |
| moneyweb.co.za | 69% | 3M | #28,492 | View details | |
albaraka.co.za | albaraka.co.za | 58% | #955,736 | – | |
| google.com | 25% | 85.8B | #1 | View details |
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Related news about Bank Zero
Complete news archive for Bank Zero
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Frequently Asked Questions about Bank Zero
Bank Zero was founded in 2016.
Bank Zero is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
Bank Zero is an internet-first bank for individuals businesses. It offers services such as savings current accounts, money transfers, cash withdrawal, debit cards, and more.
Bank Zero's top competitors include TymeBank, DafriBank and Curve Banking and Financial Services.
Bank Zero offers Banking App, Zero Card, Shared Accounts, and Instant Payments.
Bank Zero has 1 investor. Key investors include Lesaka.
Yes. Bank Zero was acquired by Lesaka in June 2025.
Yes. Bank Zero publishes Bank Zero and 1 more app, with over 100,000 downloads.