D360 raises its capital to fuel lending expansion

▤ Summary

D360 is raising its capital by 38.9% to SAR 2.92 billion after approval from its extraordinary general assembly. The bank will issue SAR 1.5 billion in new shares and use the proceeds to expand its lending book, grow SME finance, and scale its API banking infrastructure. Derayah Financial will invest SAR 100 million and reduce its stake to 16.35% after completion. The raise comes from an ongoing Series A round and supports D360’s broader growth plan, including a larger user base and a possible future public listing.

$ Funding

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