Esh
- Company typePrivate
- Founded2021
- HeadquartersTel Aviv, Israel
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Esh does
Esh Bank Israel Ltd. is a digital challenger bank headquartered in Tel Aviv, regulated by the Bank of Israel (Bank Code No. 3). The company submitted its banking license application in December 2021, received approval in December 2022, and was authorized to commence full operations in August 2024 after a pilot phase that began in November 2023. Esh's distinguishing commercial proposition is a revenue-sharing model under which it returns 50% of the interest income earned on customer checking balances to those customers via weekly automatic deposits, with enhanced sharing rates offered on fixed-term deposits. The bank operates a zero-fee model with no subscription, account management, or opening charges, and serves Israeli retail consumers over the age of 18.
The bank's product surface consists of a Smart Checking account, fixed-term deposits, and loan products, all delivered exclusively through a mobile application on iOS and Android. The underlying technology is the proprietary eOS cloud-based core banking platform, described as an agentic AI system co-founded by Nir Zuk (founder of Palo Alto Networks), which supports KYC processes including facial recognition, real-time interest calculation, and digital account management. eOS is positioned as a Banking-as-a-Service asset: in March 2026, Esh opened the platform to the broader Israeli financial market through an exclusive distribution partnership with Aman Group, with planned deployment also at Liberty Bank in California.
Esh is currently in an invitation-only operating phase with a planned public launch in 2026. In March 2026, Israeli credit card company Isracard signed a memorandum of understanding to acquire Esh for $130 million, including a stake in the eOS technology unit under a share-based payment structure. Revenue is generated exclusively from net interest income on deposits and loans, with no fees or subscription charges, and no revenue figures are publicly disclosed.
Esh firmographics
Firmographics- Name
- Esh
- Legal name
- esh Bank Israel Ltd.
- Website
- https://esh.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Esh industry classification
Industry- Product category
- Digital Banking
- NAICS
- Commercial Banking (52211)
- SIC
- Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- ACH Disbursements & Bulk Payout Processing (FSAMAGAF)
Keywords
Where Esh is headquartered
LocationHeadquarters
- HQ city
- Tel Aviv
- HQ country
- Israel
- HQ region
- Middle East
Offices1 record
Markets served
Esh business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- Interest Income on Deposits: Primary revenue from interest earned on customer deposits. Bank shares 50% of this interest income with checking account customers and offers even higher sharing rates for fixed-term deposits. This creates aligned interests between bank and customers.
- Fixed-term Deposit Revenue: Interest income from fixed-term deposits with higher revenue sharing rates passed to customers compared to checking accounts
- Loan Interest: Interest income from loans extended to customers
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Zero-fee checking account with revenue sharing |
| Other | Pay-as-you-go | Fixed-term deposits with enhanced revenue sharing |
| Other | Pay-as-you-go | Loan products |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Esh product offering
Product offeringCore offering
Esh Bank is a digital challenger bank offering zero-fee checking accounts, fixed-term deposits, and loan products through a mobile application. It runs a unique revenue-sharing model that returns 50% of the interest earned on customer deposits to checking account holders on a weekly basis, with higher sharing rates available on fixed-term deposits. All operations are powered by the proprietary eOS cloud-based core banking platform.
Product overview
Esh Bank is a digital challenger bank headquartered in Tel Aviv, Israel, regulated by the Bank of Israel (Bank Code No. 3). The bank operates a unified digital banking platform built around a revenue-sharing model, offering three core products: a Smart Checking Account (esh Digital Checking) that automatically earns and deposits interest weekly with zero fees, Fixed-Term Deposits with higher revenue-sharing rates, and Loan Products with instant application capabilities. All customer-facing services are delivered through the esh Mobile Application (available on iOS and Android), which supports full account management, money transfers, biometric KYC via facial recognition, NFC payments, and push notifications. The underlying technology stack is the eOS Core Banking Platform, a cloud-based system that Esh is also opening to the broader Israeli financial services market for use by other institutions.
Differentiator
Problem solved
Functional benefit
Brands
- eOS: Agentic AI platform technology powering esh Bank, also intended for deployment at Liberty Bank in the US. Isracard also plans to make significant investment in this technology unit.
Products and services
- esh Smart Checking Account (esh Digital Checking) A fee-free digital checking account for individual customers that automatically earns interest on balances in real time, with interest deposited weekly directly into the account under a 50% revenue-sharing model.
- Fixed-Term Deposits Fixed-term deposit products that earn interest at rates higher than the checking account's revenue-sharing rate, with the rate varying based on deposit amount and term length.
- Loan Products Loan products available to Esh customers through the digital platform, allowing loan requests via the mobile application, with the bank continuously working on expanding its lending offerings.
- esh Mobile Application Primary digital banking application available on iOS (App Store) and Android (Google Play), supporting account management, money transfers, fixed-term deposits, loan applications, NFC payments, push notifications, biometric and facial-recognition-based KYC, and SMS-based authentication.
- eOS Core Banking Platform Cloud-based core banking technology platform that powers Esh Bank's operations and is offered to other financial institutions for faster innovation, regulatory compliance, and operational flexibility; co-founded with Nir Zuk (Palo Alto Networks founder) as an agentic AI platform.
Quantifiable outcome
- 50% of interest income shared with checking account customers
- +2 more outcomes
Companies that use Esh
Customer profileSegments2 records
Ideal customer profiles2 records
Esh technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature4 records
Esh partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship and core.
- IsracardflagshipIsraeli credit card company Isracard signed a memorandum of understanding to acquire esh Bank for $130 million and make a significant investment in eOS technology platform. The deal includes acquisition of stake in Esh's technology unit with share-based payment structure. Planned launch set for later in 2026.
- eOS (Enterprise Operating System)coreeOS is the agentic AI platform co-founded by Nir Zuk (Palo Alto Networks founder) that currently powers esh Bank's technology. The platform is a cloud-based core banking system designed for faster innovation, regulatory compliance, and operational flexibility. eOS is also intended for deployment at Liberty Bank in California.
- Aman GroupcoreAman Group appointed as exclusive representative to market and implement the eOS technology platform for other financial institutions in Israel. The partnership supports Israel's lean banking reform initiative and aims to lower barriers to entry for new digital banks while addressing technology-regulation gaps in the sector.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Esh competitors and assessment
Company assessmentDirect peers
- bunq: Dutch mobile-first challenger bank with multiple European banking licenses, known for transparent pricing, weekly/monthly interest payouts on deposits, and a product-led growth model — directly comparable to Esh's revenue-sharing, fee-free, app-first positioning.
- Monzo: UK challenger bank with a full Bank of England license, fee-free consumer accounts, and proprietary core-banking technology — directly comparable in being a digital-only, licensed, transparent challenger bank built on proprietary tech.
- Revolut: Global digital banking super-app with multiple banking licenses and a customer-funded revenue model built around spreading fees/savings back to users — structurally similar to Esh's revenue-share model, with broader geographic scale.
- Starling Bank: UK challenger bank with a full banking license that built and operates its own proprietary core-banking platform (engine) and licenses it to other banks — directly comparable to Esh's combination of licensed digital bank plus licensable core-banking platform (eOS).
- N26: Digital-only European bank with full banking licenses in multiple EU markets, mobile-first onboarding, and a transparent pricing model — comparable as a regulated digital-only consumer bank serving a single regional market.
- Chime: US neobank with a fee-free, no-minimum-balance consumer checking model that shares revenue/interests benefits with customers — closely aligned to Esh's zero-fee, interest-sharing value proposition.
- Wise: Digital-first payments and consumer account provider with regulated licenses and a transparent, low-margin pricing model that reduces intermediation costs for customers — comparable in philosophy and transparency around consumer-facing fees and economics.
Broad incumbents
- Bank Hapoalim: Israel's largest incumbent commercial bank, operating under Bank of Israel supervision with a full retail deposit and lending franchise — represents the incumbent alternative Esh must win share against in its home market.
- Bank Leumi: Second-largest incumbent commercial bank in Israel with a full retail banking franchise and Bank of Israel oversight — directly comparable regulated competitor operating in Esh's single geographic market.
Others
- Mambu: Cloud-native banking-as-a-service core platform serving challenger banks and fintechs globally — directly comparable to the eOS platform arm of Esh's business, where Mambu is a competing infrastructure choice for new digital banks.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Esh social profiles
Digital presenceEsh financial estimates
Financial estimateRevenue estimate
Valuation estimate
Esh leadership team
Management profileNumber of profiles
Profiles2 records
Esh funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Esh M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Esh
What does Esh do?
Esh Bank is a digital challenger bank offering zero-fee checking accounts, fixed-term deposits, and loan products through a mobile application. It runs a unique revenue-sharing model that returns 50% of the interest earned on customer deposits to checking account holders on a weekly basis, with higher sharing rates available on fixed-term deposits. All operations are powered by the proprietary eOS cloud-based core banking platform.
Is Esh a public or private company?
Esh is a private company. It is classified as unknown and is currently operating.
When was Esh founded?
Esh was founded in 2021. It employs 11 to 50 people.
Where is Esh based?
Esh is headquartered in Tel Aviv, Israel, in the Middle East region.
How does Esh make money?
Three revenue lines are on record. Interest Income on Deposits are the primary driver. The others are fixed-term Deposit Revenue and loan Interest.
Who are Esh's main competitors?
Direct peers on record are bunq, Monzo, Revolut, Starling Bank, N26, Chime and Wise. Broad incumbents are Bank Hapoalim and Bank Leumi. Mambu is listed as an others.
Does Esh have an API?
No public API is recorded for Esh.
What industry is Esh in?
Esh's product category is Digital Banking. Its primary akta.pro industry code is FSAMAGAF, ACH Disbursements & Bulk Payout Processing. Its NAICS code is 52211 and its SIC code is 6099.