About Dbank
Dbank is a company based in Islamabad (Pakistan) founded in 2021 by Khurram Khalil Jamali and Tania Aidrus. Dbank has raised $17.6 million across 1 funding round from investors including Nubank, Kleiner Perkins and RTP Global. Dbank operates in a competitive market with competitors including Allied Bank, Summit Bank, Meezan Bank, MCB Islamic Bank and First Habib Modaraba, among others.
- Total Equity Funding$17.6M (USD)
in 1 rounds
- Latest Funding Round$17.6M (USD), Seed
Jul 2022
- InvestorsNubank
& 5 more
Funding Insights of Dbank
Dbank has successfully raised a total of $17.6M through 1 strategic funding round. The most recent funding activity was a Seed round of $17.6 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $17.6M
- Total Rounds 1
- Last Round Seed — $17.6M
- First Round $17.6M
(Jul 2022)
- Investors Count 6
All 1 funding rounds of Dbank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2022 | $17.6M | Seed | – | Sequoia Capital, Kleiner Perkins |
6 investors in total: 6 institutional.
Investors in Dbank
Dbank has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Nubank, Kleiner Perkins and RTP Global.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | - | |
Venture capital firm investing in early-stage tech startups | 1972 | kleinerperkins.com | Menlo Park, United States | |
Venture capital firm focused on early-stage technology companies | 2011 | rtp.vc | New York, United States | |
Digital banking services are offered to individuals and businesses. | 2013 | nubank.com.br | Sao Paulo, Brazil | |
Core banking solutions are provided by Askari Bank in Pakistan. | 1991 | askaribank.com | Islamabad, Pakistan | |
- | – | rayn.group | - |
Investor details for Dbank
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Dbank
2 people are tracked at Dbank (2 in leadership).
| Name | Role | Group |
|---|---|---|
Khurram Khalil Jamali | Co-Founder | Leadership |
Tania Aidrus | Co-Founder | Leadership |
Complete people profiles for Dbank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of Dbank
2 dated milestones of Dbank across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Dbank is founded.
- Funding First funding round of $17.6M.
Competitors of Dbank
Dbank 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 Allied Bank, Summit Bank, Meezan Bank, MCB Islamic Bank and First Habib Modaraba, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| abl.com | 1942 | Karachi, Pakistan | – | – | Operates as an Islamic bank providing Sharia-compliant financial services. | |
| summitbank.com.pk | 2006 | Karachi, Pakistan | – | – | Diversified Islamic financial services are provided in Pakistan. | |
| meezanbank.com | 2002 | Karachi, Pakistan | – | – | Operates as an Islamic bank providing Sharia-compliant financial services. | |
| mcbislamicbank.com | 2015 | Karachi, Pakistan | – | – | Functions as an Islamic bank offering Sharia-compliant financial services. | |
| habibmodaraba.com | 2002 | Karachi, Pakistan | – | – | Offers Islamic investment and financing services in Pakistan. |
Detailed competitors of Dbank
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Dbank
10 companies that operate in the same segment as Dbank (Banks), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Collateralised loans for commercial vehicles are extended to rural entrepreneurs. | 1996 | Jaipur, Rajasthan, India | USD 136.29 M | USD 2.3 B | 50,950 | |
Small finance services are extended to underserved segments in India. | 2005 | Bengaluru, Karnataka, India | USD 153.96 M | – | 21,203 | |
Commercial banking services are provided in the United Kingdom. | 2010 | London, England, United Kingdom | USD 564 M | USD 1.15 B | – | |
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 111.83 M | USD 474.19 M | 12,520 | |
Wealth advisory and banking services are offered to clients. | 1872 | Charlotte, North Carolina, United States | USD 900 K | USD 881.26 M | 1,240 | |
Microfinance bank | 1999 | Bengaluru, Karnataka, India | USD 814.02 M | USD 670.62 M | 25,380 | |
Small finance bank offering savings accounts, deposits, and loan products | 2008 | Mumbai, Maharashtra, India | USD 110.94 M | USD 268.59 M | 8,650 | |
Commercial banking services are offered to individuals and businesses. | 2004 | Mumbai, Maharashtra, India | USD 4.63 M | USD 3.98 B | 28,690 | |
Provider of a commercial banking services | 1993 | Mumbai, Maharashtra, India | – | USD 17.37 B | 104,450 | |
Small finance bank | 2007 | Chennai, Tamil Nadu, India | USD 194.55 M | USD 840.3 M | 25,430 |
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Frequently Asked Questions about Dbank
Dbank was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Dbank is headquartered in Islamabad, Pakistan.
Dbank is a funded company, having raised a total of $17.6M across 1 funding round to date. The company's 1st funding round was a Seed of $17.6M, raised on Jul 2022.
Dbank was established in 2021 as an Islamic bank based in Islamabad, Pakistan. Sharia-compliant financial services, including deposits and financing options, are offered through its digital platform at dbank.pk. Operations focus on the Pakistani market, with leadership provided by co-founders Khurram Khalil Jamali and Tania Aidrus. The bank adheres to Islamic principles in all transactions and customer interactions.
Dbank's top competitors include Summit Bank, Allied Bank and Meezan Bank.
Dbank has 6 investors. Key investors include Nubank, Kleiner Perkins, RTP Global, Askari Bank, and Sequoia Capital.