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
