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§ Private Profile · Islamabad, Pakistan
Universal bank providing a full range of banking services for companies and individuals, specializing in individual solutions.
Dbank, officially operating as D Commerce Bank AD, is a universal commercial bank based in Sofia, Bulgaria, that provides a full range of financial services to both corporate entities and individual retail clients. The institution operates through a traditional commercial banking business model, generating its primary revenue via consumer deposits, commercial lending facilities, and various fee-based financial services. Its core operational divisions encompass corporate and investment banking, dedicated credit support for small and medium-sized enterprises, and personal wealth management solutions tailored specifically to the domestic Bulgarian market. To support its broad range of financial products, the institution integrates modern banking technologies and standardized business practices to facilitate daily transaction processing, risk management, and ongoing credit operations. To serve the regional financial sector and expand domestic banking access, Dbank was originally incorporated on March 12, 1999.
Dbank has raised $18.0M across 1 funding round.
Dbank has raised $18.0M in total across 1 funding round.
Dbank has raised $18.0M across 1 funding round. Most recently, it raised $18.0M Seed in July 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2022 | $18M Seed | Kleiner Perkins, Johan Surani | Andreessen Horowitz, AngelList Syndicator, Philipp Kloeckner, Askari Bank, Nubank, Rayn | Announced |
Dbank is a financial technology company founded in 2021 and headquartered in Karachi, Pakistan, focused on transforming financial management through digital financial products and services.[1] It aims to create a more inclusive and equitable financial system, primarily serving the financial sector with solutions that support local entrepreneurs expanding into global businesses via international financial offerings.[1][3] Dbank addresses barriers in financial access, particularly in emerging markets like South Asia ex-India, where fintech opportunities are burgeoning amid high transaction volumes and growing digital inclusion needs.[1]
The company operates in the fintech and digital banking spaces, included in expert collections for these areas excluding US-based firms, positioning it to serve underserved segments such as microfinance users, SMEs, women, and farmers—similar to regional peers like Mobilink Microfinance Bank.[1] While specific growth metrics are limited, its focus on digital products aligns with regional momentum, such as Pakistan's fintech scene bolstered by investments like Ant Group's stake in Telenor Microfinance Bank.[1]
Dbank was founded in 2021 in Karachi, Pakistan, emerging amid the rapid growth of fintech in South Asia's non-India markets.[1] Specific founder details are not publicly detailed in available sources, but the company's inception aligns with regional trends where digital financial services are addressing inclusion gaps, as seen in high transaction facilitation (e.g., 3.4 trillion taka or US$39 billion in Bangladesh's first half of 2022) and investments like Ant Group's 40% stake in Pakistan's Telenor Microfinance Bank acquired for $184.5 million in 2018.[1]
Early traction likely stems from Pakistan's fintech ecosystem, where players like Mobilink Microfinance Bank (founded 2012 in Islamabad) have built momentum in microfinance, SME lending, deposits, insurance, and remittances.[1] Dbank's pivot to international financial solutions for local entrepreneurs reflects a pivotal response to global trade needs in a post-pandemic digital shift.[3]
Dbank rides the fintech inclusion wave in South Asia ex-India, where digital banking addresses economic gaps amid surging transaction volumes and investments from players like Ant Group.[1] Timing is ideal post-2021 founding, coinciding with regulatory pushes for digital finance and microfinance growth, countering historical dependencies on Western banks for international trade.[1][4]
Market forces favoring Dbank include Pakistan's SME lending needs, remittance demands, and competition from firms like MicroSave Consulting and Mobilink Microfinance Bank, amplifying ecosystem impact through equitable access.[1] It influences the landscape by fostering digital transformation in non-US fintech, paralleling global shifts like Deutsche Bank's cloud/AI pillars but tailored to emerging-market inclusion rather than enterprise-scale operations.[2]
Dbank is poised to scale its digital products amid Pakistan's fintech surge, potentially expanding international solutions as regional transactions grow and partnerships like Ant Group's model proliferate.[1] Trends like AI-driven efficiency (seen in Deutsche Bank's adoption) and hybrid cloud could enhance its offerings, while regulatory support for digital banking boosts momentum.[1][2]
Its influence may evolve by deepening SME and microfinance penetration, riding inclusive fintech tides to rival established players—transforming Dbank from a 2021 startup into a key equitable finance enabler in South Asia.[1]
Dbank has raised $18.0M in total across 1 funding round.
Dbank's investors include Kleiner Perkins, Johan Surani, Andreessen Horowitz, AngelList Syndicator, Philipp Kloeckner, Askari Bank, Nubank, Rayn.