Esh

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.

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

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

• Digital banking services
• Checking accounts
• Fixed-term deposits
• Consumer lending
• Banking-as-a-service

Headquarters

HQ city

Tel Aviv

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. 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.
2. Fixed-term Deposit Revenue: Interest income from fixed-term deposits with higher revenue sharing rates passed to customers compared to checking accounts
3. Loan Interest: Interest income from loans extended to customers

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core 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

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Partnerships

Three partnerships are on record, tiered flagship and core.

• IsracardflagshipStrategic or Co-development Partner · 13 April 2026Israeli 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)coreTechnology or Integration · 13 April 2026eOS 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 GroupcoreChannel Partner/ Reseller/ Distributor · 25 March 2026Aman 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

Direct 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

• LinkedInlinkedin.com/company/esh-com

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Esh