About Bank Zero
Bank Zero is a 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 was acquired by Lesaka in June 2025.. Bank Zero offers products and services including Banking App, Zero Card, Shared Accounts, and Instant Payments. Bank Zero operates in a competitive market with competitors including TymeBank, Kuda, DafriBank, Curve Banking and Financial Services and Hcoin, among others.
- Headquarter Johannesburg, South Africa
- Founders Jay Prag, Michael Jordaan, David Longe, Yatin Narsai, Line Wiid, Mo Hassem, Lezanne Human
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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Funding Insights of Bank Zero
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Bank Zero
Bank Zero has secured backing from 1 investor. Prominent investors backing the company include Lesaka. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Bill payments, POS solution and card acceptance solution for consumers and businesses
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bank Zero
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bank Zero
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bank Zero Comparisons
Competitors of Bank Zero
Bank Zero operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TymeBank, Kuda, DafriBank, Curve Banking and Financial Services and Hcoin, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of the digital bank for individuals
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| domain | founded_year | HQ Location |
Kuda is recognized as a digital banking app for Africans.
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| domain | founded_year | HQ Location |
Digital banking services are provided to individuals and businesses.
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| domain | founded_year | HQ Location |
Serves as a mobile bank catering to retail and corporate customers.
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| domain | founded_year | HQ Location |
Provides online payments, loans, deposits, and money transfers for African users.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bank Zero
Frequently Asked Questions about Bank Zero
When was Bank Zero founded?
Bank Zero was founded in 2016.
Where is Bank Zero located?
Bank Zero is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
What does Bank Zero do?
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.
Who are the top competitors of Bank Zero?
What products or services does Bank Zero offer?
Bank Zero offers Banking App, Zero Card, Shared Accounts, and Instant Payments.
Who are Bank Zero's investors?
Bank Zero has 1 investor. Key investors include Lesaka.
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