Negah Bank

What Negah Bank does

Negah Bank (شرکت نگاه بانک) is the wholly-owned software development and IT infrastructure subsidiary of Bank Karafarin, operating as the captive technology arm of Negah Technology Holding. Headquartered in Tehran with 101-250 employees, the company develops and maintains Bank Karafarin's full technology stack, including core banking systems, the Hibank digital banking platform, a 250+ square meter main data center, network infrastructure, business intelligence tools, and information security services. The company functions as the bank's internal technology department rather than an external vendor, with approximately 27 banking application systems in design, development, or maintenance covering loan management, trade finance, currency exchange, and adjacent banking operations.

The core technology portfolio centers on Hibank, a digital banking platform enabling branchless banking for Karafarin Bank's customers, supplemented by recent additions including Flash Loan (instant scoring-based loans up to 50 million Tomans), digital wallet, smart marketing, supply chain finance, business intelligence, and the Setad hardware-software solution for non-presential large-value transactions such as automobile sales. The Dotin partnership supports a core banking migration project selected through evaluation of 868 business-technical, 200 security, and 300 technical indicators. Negah Bank has Open API banking services enabling third-party integration, and has received Knowledge-Based Company certification from the Iranian government.

Negah Bank generates revenue exclusively through internal IT service agreements with its sole customer, Bank Karafarin, operating under cost-plus economics rather than market-rate pricing. Distribution of customer-facing products occurs through Bank Karafarin's existing branch network and digital channels. Beyond core IT services, the Negah Bank School subsidiary extends the company's footprint into fintech education for youth aged 9-17, and a planned partnership with Karafarin Insurance points to cross-sell expansion across the broader Bank Karafarin financial services group. The company operates only in Iran and has no disclosed external customers, funding rounds, or third-party revenue streams.

Name

Negah Bank

Legal name

شرکت نگاه بانک (Negah Bank Company)

Website

https://negah-bank.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

Negah Bank (شرکت نگاه بانک) is the wholly-owned IT subsidiary of Bank Karafarin, developing the bank's core banking systems, Hibank digital platform, data center infrastructure, and digital products exclusively for the parent bank and its affiliates in Iran.

Ownership category

akta.pro rank

Product category

Banking Software and IT Infrastructure

NAICS

Offices of Bank Holding Companies (551111)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Digital Banking & Neobank Platforms (BPAMAFAD)

akta.pro secondary industries

Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts) (FSAGAAAC), BaaS Platforms & Sponsor Bank Enablement (FSAGALAA), Digital Retail Banking (Online & Mobile) (FSABAAAF)

Keywords

• Banking software development
• Digital banking platforms
• Core banking systems
• Data center services
• Open banking APIs

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. IT Services to Parent Bank: As a wholly-owned subsidiary of Karafarin Bank, Negah Bank provides software development, infrastructure, and IT services primarily to its parent organization. Revenue is generated through internal service agreements with the bank.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Negah Bank is the in-house software development and IT infrastructure subsidiary of Bank Karafarin, building and operating the bank's core banking systems, the Hibank digital banking platform, data center and network infrastructure, and a portfolio of digital financial products (flash loans, digital wallet, supply chain finance, smart marketing, and Setad vehicle-sale transactions). It also operates Negah Bank School, an educational academy for fintech and digital skills, and provides information security and open API services to support the bank's digital transformation.

Product overview

Negah Bank (شرکت نگاه بانک) is the software development arm of Bank Karafarin, operating as part of Negah Technology Holding. The company offers a unified digital banking platform called Hibank (های‌بانک) that serves as the core customer-facing product, supplemented by financial products like Flash Loan, digital wallet, smart marketing, and Supply Chain Finance (SCF). Infrastructure services include data center design, network implementation, and core banking software development. The company also operates Negah Learn academy for fintech education and provides Open API banking services for third-party integration. The Setad product offers hardware/software solutions for branchless transactions. All products are developed and maintained for Bank Karafarin with a focus on digital transformation.

Differentiator

Problem solved

Functional benefit

Brands

• Hibank (های‌بانک): Digital identity platform for Bank Karafarin customers providing comprehensive digital banking services without branch visits. Features include account management, loans, flash loans up to 50 million tomans, digital wallet, B2B2C purchasing, smart marketing, supply chain finance, and business intelligence services.
• NegahLearn (نگالرن)
• Negah Bank School (مدرسه نگاه بانک)

Products and services

• Hibank (های‌بانک) Digital Banking Platform A comprehensive digital banking platform for Bank Karafarin customers that enables full banking services without branch visits, including account management, loans, and digital financial services.
• Flash Loan Instant loan product enabling eligible Hibank users to receive loans up to 50 million tomans via a scoring-based system disbursed in fractions of a second.
• Digital Wallet / E-Wallet Electronic wallet functionality integrated with the Hibank platform that allows customers to charge and manage their digital wallet accounts.
• Supply Chain Finance (SCF) Supply chain finance solution offered through the Hibank platform for managing financial flows across supply chains.
• Setad (ستد) Solution Comprehensive software and hardware solution for providing purchase and sale services of valuable items in locations without bank branches, enabling non-presential large fund transfers and vehicle sales transactions with required verifications.
• Core Banking Software Development and maintenance of core banking systems for Bank Karafarin, including loan management, trade finance, currency exchange, and other banking applications.
• Open API Banking Services Open API services for open banking, enabling third-party integration and development of banking services.
• Data Center Design & Setup Design, construction, and operation of data centers for banking infrastructure with latest IT standards and security, including the over 250 sqm main data center of Bank Karafarin.
• Negah Bank School / NegahLearn (مدرسه نگاه بانک / نگالرن) Organizational academy with entrepreneurial approach for developing practical skills in fintech, business, programming, and digital innovation for youth aged 9–17, paired with NegahLearn, a continuous-learning platform for soft skills and targeted workplace education.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature8 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Dotin (داتین)coreTechnology or Integration · 1 January 2023Dotin was selected as the core banking system (کُر بانک) provider through a rigorous evaluation process. Over 868 business and technical indicators, 200 security indicators, and 300 technical indicators were assessed. Dotin scored highest among competing vendors and was chosen to help modernize Karafarin Bank's centralized banking system as part of the Migration Project.
• Karafarin Insurance (بیمه کارآفرین)minorStrategic or Co-development PartnerFuture cross-financial services planned on Hibank platform, including special insurance services from Karafarin Insurance to be offered through the digital banking platform.

Scale indicators3 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Temenos: Swiss-headquartered global provider of core banking and digital banking software to retail, SME, and private banks worldwide. Comparable to Negah Bank in core banking systems and digital banking platform delivery, but at global scale and as an external vendor rather than captive subsidiary.
• Finastra: UK-headquartered financial software provider offering core banking, lending, payments, and digital channels. Comparable to Negah Bank's core banking and digital banking capabilities at a global incumbent scale.
• Infosys Finacle: Banking software platform from Infosys providing core banking, digital channels, and lending solutions to global banks. Comparable to Negah Bank's core banking development and digital platform offering, though delivered externally to many banks rather than within a single captive relationship.
• FIS (Fidelity National Information Services): US-listed global fintech providing core banking, digital channels, payments, and capital markets technology to thousands of financial institutions. Comparable product surface to Negah Bank across core banking and digital banking, but with far broader geographic and customer diversification.

Regional players

• Wio Bank: UAE-based digital neobank offering mobile-first banking, instant loans, and ecosystem partnerships. Comparable to Negah Bank's Hibank platform in digital-first retail banking and instant-credit features, though operating as a standalone neobank rather than a captive IT subsidiary.
• Mashreq Neo: Digital banking platform from UAE-based Mashreq Bank providing mobile banking, digital wallets, and lifestyle financial services. Comparable to Hibank in its digital retail banking positioning and product breadth, though attached to a bank with significantly larger scale and international footprint than Karafarin Bank.

Direct peers

• Tosan (طوسان): Major Iranian banking software and payment infrastructure provider serving multiple Iranian banks. Directly comparable to Negah Bank as a domestic provider of core banking, card processing, and digital banking technology within Iran's banking ecosystem.
• Behpardakht Mellat: Captive payment processor and IT subsidiary of Bank Mellat, Iran's largest private bank. Directly comparable to Negah Bank as a wholly-owned banking technology subsidiary operating core payment and digital infrastructure for a major Iranian bank.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/negah-bank
• Instagraminstagram.com/negahbank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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 Negah Bank