Esh Overview
Esh Bank is a digital bank in Israel that provides banking services without physical branches. It offers personal and business accounts, loans, deposits, payments, and credit cards through a fully digital platform. The bank focuses on using technology to streamline operations and enhance customer experience. Founded by a team including Nir Zuk, the creator of cybersecurity firm Palo Alto Networks, and chaired by former Israel Securities Authority head Prof. Shmuel Hauser.
Cumulative Funding Raised Over Time ($)
$28.5MJan 2023
$35.0MJul 2019
Latest News
growth-positive
New digital bank Esh to launch in Israel in 2026 with “Equal Sharing” model and no fees.
Esh, a new digital bank in Israel, plans to launch in 2026 with a unique Equal Sharing model that returns half of its interest income to customers, offering fee-free current accounts. The bank aims to disrupt traditional banking by eliminating conflicts of interest and providing radical transparency. Eshs proprietary technology platform allows it to operate with low costs, enabling it to return more income to customers. The bank, licensed by the Bank of Israel in December 2022, is in early talks with investors, including Yitzhak Tshuva, and is valued at over $500 million. Esh will initially offer basic banking services and plans to introduce innovative credit products in the future.
Product StageCustomersInvestment
growth-positive
The Palo Alto founder’s digital bank is hunting for cash—and may find it in Delek.
Esh, a digital bank founded by Nir Zuk, is seeking new funding and is in preliminary talks with businessman Yitzhak Tshuva and the Delek Group. The discussions involve a potential investment from Isracard, a credit card company soon to be acquired by Delek, in exchange for Esh licensing its financial technology to Isracard. Esh, which has not yet launched operations, is developing a proprietary banking platform and has received a full banking license. The bank has raised $60 million so far, with a post-money valuation of $512 million. The Delek Groups acquisition of Isracard is part of its strategy to expand its financial arm, and Esh could play a role in this plan. The talks are still in the early stages, and no deal has been finalized.
InvestmentPartnersProduct Stage
Nir Zuk's new Israeli bank delaying opening
growth-positive
קבוצת esh מציגה: דירקטוריון בנק שוויוני-מגדרי | כלכליסט
The banking technology group esh has announced the members of its board of directors for the newly established esh Bank, which recently received a license from the Bank of Israel. The board consists of six members, equally divided between men and women, highlighting the companys commitment to gender diversity. The announcement comes amid public discussions about the low representation of women in senior banking roles and corporate boards. The leadership at esh Bank believes that gender diversity enhances decision-making processes and broadens the range of solutions to challenges faced by the board. This initiative is part of eshs strategy to transition from traditional banking models to more innovative ones, aligning the banks interests with those of its customers and employees.
growth-positive
Nir Zuk's new digital bank valued at over $500 million in latest investment | CTech
Esh, a new digital bank led by Palo Alto Networks founder Nir Zuk, has secured a $28 million investment from Clal Insurance for a 5% stake, valuing the bank at over $500 million. This investment comes after Esh received a conditional banking license from the Bank of Israel, making it the second licensed digital bank in Israel. The bank aims to innovate traditional banking models through technology and automation. Despite initially targeting a higher valuation, Esh settled for the current valuation due to market conditions. The bank is expected to open in about a year and a half.
InvestmentProduct Stage
| Sector | Fintech & Insurtech |
Funding
| Total funding | $35M |
| Last funding | $28.5M |
| Stage | Seed |
| Rounds | 2 |
| Investors | 2 |
Team Members
3
Employees: 51-200
Web & Social Links
| Website | www.esh.com/ |
| Careers | Careers page |
Locations
Tel Aviv-Yafo, Israel
Photos & Videos
No files yet
Esh Business
Business models
—
Product stage
Beta
Employees
51-200
Sector
Fintech & InsurtechPersonal Finance ManagementTarget Customer
ConsumersFinancial ServicesEnterprise & Professional ServicesEnterprisesCore Technology
Platforms & InterfacesMobileWebTags (1)
digital-bankingEsh Financials
$35M
Total funding
Undisclosed
Capital raised
$28.5M
Last funding
Seed
Funding stage
2
Total rounds
2
Investors
Cumulative Funding Raised Over Time ($)
$28.5MJan 2023
$35.0MJul 2019
Private Equity Funding
Undisclosed Round
Jan 2023
$28.5M
Clal Insurance (Lead)
Seed
Jul 2019
$6.5M
Kli Capital
Esh Lifecycle
Cumulative Funding Raised Over Time
$28.5MJan 2023
$35.0MJul 2019
All Events
Undisclosed Round
Jan 2023
$28.5M
Clal Insurance (Lead)
Seed
Jul 2019
$6.5M
Kli Capital
Esh News
6 articles
growth-positive
New digital bank Esh to launch in Israel in 2026 with “Equal Sharing” model and no fees.
Esh, a new digital bank in Israel, plans to launch in 2026 with a unique Equal Sharing model that returns half of its interest income to customers, offering fee-free current accounts. The bank aims to disrupt traditional banking by eliminating conflicts of interest and providing radical transparency. Eshs proprietary technology platform allows it to operate with low costs, enabling it to return more income to customers. The bank, licensed by the Bank of Israel in December 2022, is in early talks with investors, including Yitzhak Tshuva, and is valued at over $500 million. Esh will initially offer basic banking services and plans to introduce innovative credit products in the future.
Product StageCustomersInvestment
growth-positive
The Palo Alto founder’s digital bank is hunting for cash—and may find it in Delek.
Esh, a digital bank founded by Nir Zuk, is seeking new funding and is in preliminary talks with businessman Yitzhak Tshuva and the Delek Group. The discussions involve a potential investment from Isracard, a credit card company soon to be acquired by Delek, in exchange for Esh licensing its financial technology to Isracard. Esh, which has not yet launched operations, is developing a proprietary banking platform and has received a full banking license. The bank has raised $60 million so far, with a post-money valuation of $512 million. The Delek Groups acquisition of Isracard is part of its strategy to expand its financial arm, and Esh could play a role in this plan. The talks are still in the early stages, and no deal has been finalized.
InvestmentPartnersProduct Stage
Nir Zuk's new Israeli bank delaying opening
growth-positive
קבוצת esh מציגה: דירקטוריון בנק שוויוני-מגדרי | כלכליסט
The banking technology group esh has announced the members of its board of directors for the newly established esh Bank, which recently received a license from the Bank of Israel. The board consists of six members, equally divided between men and women, highlighting the companys commitment to gender diversity. The announcement comes amid public discussions about the low representation of women in senior banking roles and corporate boards. The leadership at esh Bank believes that gender diversity enhances decision-making processes and broadens the range of solutions to challenges faced by the board. This initiative is part of eshs strategy to transition from traditional banking models to more innovative ones, aligning the banks interests with those of its customers and employees.
growth-positive
Nir Zuk's new digital bank valued at over $500 million in latest investment | CTech
Esh, a new digital bank led by Palo Alto Networks founder Nir Zuk, has secured a $28 million investment from Clal Insurance for a 5% stake, valuing the bank at over $500 million. This investment comes after Esh received a conditional banking license from the Bank of Israel, making it the second licensed digital bank in Israel. The bank aims to innovate traditional banking models through technology and automation. Despite initially targeting a higher valuation, Esh settled for the current valuation due to market conditions. The bank is expected to open in about a year and a half.
InvestmentProduct Stage
Bank of Israel approves establishment of new bank
Esh Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 142 |
| Team members | 3 |
Similar Companies
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Esh Internal
Recent Updates
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Admin Info
| Confidence | 68/100 |
| Missing | sector, tags, business model, video or image, markets, not claimed |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515666675 |
| Crunchbase | esh-c086 |
| Creator | Doron Bobman |
| Creator email | doron.b@sncentral.org |
| Last update | 2025-02-23T00:00:00.000Z |
| Created | 2025-02-23T00:00:00.000Z |
| Claimed | Yes |