What Negah Technology Holding does

Negah Technology Holding (هلدینگ فناوری نگاه کارآفرین), founded in June 2020 in Tehran, Iran, is the wholly-owned technology holding company of Bank Karafarin, one of Iran's leading private banks. Established when Bank Karafarin transferred its internal IT department into a dedicated holding, Negah operates three subsidiaries: Negah Bank (banking software development and core banking modernization), Negah Payment (POS terminals, ATM infrastructure, and cashless payment services), and Setaregan Wealth Management (fintech investment and wealth management). The company's primary customer is Bank Karafarin and its group of companies, served exclusively through contractual agreements and public tender processes.

The company's technology stack spans core banking software, digital banking platforms, payment systems, data center operations, and AI-powered analytics. Its flagship customer-facing product is Hibank, a digital banking platform offering mobile and internet banking, open banking APIs, digital identity, and an ecosystem integrating exchange and insurance services. It is currently executing a Core Banking Migration Project with vendor Datin to replace Bank Karafarin's legacy centralized banking system, a multi-criteria initiative covering 868 business-technical criteria. Other technology capabilities include DevOps/CI-CD pipelines, business intelligence and data mining, network infrastructure design, information security, and a Loan Origination System (LOS).

Negah generates revenue through professional IT services, licensing/royalties associated with the Hibank platform, and payment infrastructure services. Procurement is conducted via public tenders, with over 15 tenders issued in the current fiscal year covering hardware, POS terminals, servers, storage, and networking — including a major 10,000-unit mobile POS terminal procurement. The holding is in an active growth phase, executing the Core Banking migration, scaling payment infrastructure, and integrating AI-driven personalization and management analytics across the bank group's operations.

Name

Negah Technology Holding

Legal name

هلدینگ فناوری نگاه کارآفرین (Negah Technology Holding)

Website

https://negahholding.ir

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

Negah Technology Holding is the wholly-owned IT arm of Bank Karafarin, delivering core banking modernization, the Hibank digital banking platform, payment infrastructure, and AI-driven analytics exclusively to the bank and its group companies in Iran.

Ownership category

akta.pro rank

Product category

Banking Technology / Core Banking Software

NAICS

Offices of Bank Holding Companies (551111), Depository Credit Intermediation (5221)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Neobank Core Platform (Retail/SME Digital Bank) (FSAGAAAA)

akta.pro secondary industries

Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts) (FSAGAAAC), BaaS Platforms & Sponsor Bank Enablement (FSAGALAA), Transaction Analytics & Cash-Flow Insights (risk signals, forecasting) (FSAGACAG), Stored Value Ledger / Wallet Infrastructure (Non-Bank) (FSAMANAM)

Keywords

• Core banking systems
• Digital banking platform
• Payment infrastructure
• Banking IT services
• Fintech investment

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, Supply Chain

Revenue model

1. B2B IT Services to Bank Karafarin Group: Negah Holding generates revenue by providing comprehensive IT services — software development, infrastructure, payment systems, and digital banking — exclusively to Bank Karafarin and its subsidiaries. Revenue is contractual and tender-based.
2. Digital Banking Platform Hibank: The Hibank digital platform is a key product that generates value by enabling Bank Karafarin to offer digital services to its customers, indirectly contributing to the bank's revenue through digital channel adoption.
3. Payment Infrastructure Services (Negah Pay): Negah Pay provides POS terminal management, ATM infrastructure, and cashless payment services to Bank Karafarin's merchant network, contributing to the group's payment ecosystem revenue.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Negah Technology Holding serves as the dedicated technology arm of Bank Karafarin, developing and operating core banking software, the Hibank digital banking platform, payment infrastructure (POS/ATM), data center operations, AI-powered analytics, and open banking APIs exclusively for the bank and its subsidiaries. It also operates a fintech investment vehicle that bridges startups with the bank's ecosystem.

Product overview

Negah Technology Holding operates as a multi-product fintech technology holding comprising three primary subsidiaries: Negah Bank (banking software development and infrastructure), Negah Payment (payment terminals, ATM, Cashless, and digital wallet services), and Modiriat Sevvom Setaran (wealth management and fintech investment). The core customer-facing digital product is Hibank, a mobile and internet banking platform serving as the primary digital channel for Bank Kari Fariin, supplemented by Open Banking API services, data center operations, BI and analytics, information security, network infrastructure, and a Loan Origination System (LOS). The holding also manages a large-scale Core Banking Migration Project in partnership with Dateen to modernize the bank's entire technology stack.

Differentiator

Problem solved

Functional benefit

Brands

• Hibank: Digital banking platform of Bank Karafarin developed by Negah Holding. A comprehensive digital platform providing banking services without branch visits, incorporating AI-powered features and open banking APIs.

Products and services

• Hibank Digital Banking Platform (های‌بانک) A comprehensive digital banking platform (mobile and internet banking) serving as Bank Karafarin's primary customer-facing digital channel. Hibank enables customers to perform all banking transactions without visiting branches, incorporating an ecosystem approach with exchange, insurance, and open banking services.
• Core Banking Migration Project (پروژه مهاجرت) A major structural transformation initiative involving the migration of Bank Karafarin's Core Banking system from the legacy centralized banking system to a modern platform, encompassing both software and hardware modernization including servers, storage, network equipment, and data infrastructure.
• Open Banking API Services (خدمات بانکداری باز) Open API-based banking services that enable external developers and third-party providers to integrate with and access Bank Karafarin's banking systems, supporting the bank's open banking strategy and ecosystem approach.
• Data Center Design and Operations (طراحی و راه‌اندازی مرکز داده) Data center design, construction, and operational services including the main data center of Bank Karafarin, supporting enterprise-grade banking IT infrastructure.
• Business Intelligence and Data Analytics (هوش تجاری و تحلیل داده) BI and data mining solutions that process and analyze banking data to support decision-making, performance monitoring, and strategic planning across the bank.
• Information Security Services (خدمات در حوزه امنیت اطلاعات) Comprehensive information security solutions and services provided to protect bank systems, customer data, and financial transactions.
• Network Design and Implementation (طراحی و پیاده‌سازی شبکه‌های ارتباطی) Design and implementation of communication networks for banking infrastructure, supporting connectivity across branches and data centers.
• Loan Origination System - LOS (سامانه اعطای تسهیلات) Loan Origination System for managing the end-to-end process of loan applications, credit assessment, and facility granting within the bank's digital ecosystem.
• POS Terminal and ATM Payment Services (Negah Pay) Payment infrastructure services including POS terminal management, ATM infrastructure, cashless payment solutions, and digital wallet implementation for Bank Karafarin's merchant network. Includes a 10,000-unit mobile POS procurement tender.
• AI-Powered Banking Services AI-powered services integrated into banking IT infrastructure for customer personalization, smart customer segmentation, chatbots with NLP, internal performance analytics for bank management, and reduction of physical branch visits. Includes generative AI for personalized banking product design.

Quantifiable outcome

• 10,000 mobile POS terminals procurement tender — indicative of large-scale payment infrastructure expansion
• +1 more outcomes

Named customers4 records

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 capability6 records

Feature6 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Datin (داتین)coreTechnology or Integration · 1 January 2023Datin was selected as the vendor for Bank Karafarin's Core Banking migration project (پروژه مهاجرت). The selection process evaluated 868 business-technical criteria, 200 security indicators, and 300 technical criteria over a one-month period. Datin scored highest among competing vendors and was awarded the contract to replace the bank's centralized banking system.
• Bank Karafarin (بانک کارآفرین)coreStrategic or Co-development Partner · 1 January 2020Bank Karafarin is the parent organization and primary customer of Negah Technology Holding. The bank established Negah Holding in 2020 (1399) to serve as its exclusive technology arm, responsible for all IT transformation, digital banking, payment infrastructure, and fintech innovation for the bank group.
• Negah Bank (شرکت نگاه بانک)coreOthersA subsidiary of Negah Holding focused on banking software development. It serves as the lead implementer of banking missions, responsible for Bank Karafarin's IT infrastructure upgrades, core banking migration, and Hibank digital platform development.
• Negah Pay (شرکت نگاه پرداخت)coreOthersA subsidiary of Negah Holding responsible for the payment mission area. It manages POS terminals, ATM infrastructure, cashless payment solutions, and provides payment technology services to Bank Karafarin's merchant network.
• Modiriyat-e Sevaragane Tasstsat (مدیریت ثروت ستارگان)minorOthersAcquired by Negah Holding to serve as a bridge between fintech startups and Bank Karafarin. It focuses on wealth management and developing the fintech innovation ecosystem.
• Asr-e Amin Karafarin (عصر امین کارآفرین)minorStrategic or Co-development PartnerA technology investment holding within the financial services industry, investing in innovative and knowledge-based tech businesses in the value chain of Bank Karafarin's industry and adjacent areas.

Scale indicators4 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Temenos: Temenos is a global leader in core banking and digital banking platform software. Comparable to Negah at the technology-platform layer (Core Banking, digital channels), though Temenos sells externally to banks worldwide.
• Informatics Services Corporation (ISC): ISC is one of Iran's largest IT services companies, historically providing core banking and IT solutions to multiple Iranian banks and government entities. Comparable to Negah as a core banking and IT services provider, but with a broader, multi-bank customer base.
• FIS (Fidelity National Information Services): FIS is a global provider of banking technology, payments, and capital markets software. Comparable to Negah at the product layer across core banking, payments, and digital banking, though operating at vastly larger scale with a global customer base.

Direct peers

• Fana Group (Pasargad Bank ICT): Fana Group is the technology and ICT arm of Bank Pasargad, providing core banking, digital banking, payment infrastructure, and IT services exclusively to its parent bank — the same captive technology-holding model that Negah Technology Holding operates for Bank Karafarin. Highly comparable in structure, mandate, and product mix.
• Beh Pardakht Iranian (BPI): BPI operates payment switching and POS/ATM infrastructure across the Iranian banking system. Comparable to Negah Pay in payment infrastructure services, POS terminal management, and cashless payment technology.
• Tosan (Data Processing Iran): Tosan provides core banking, payment, and digital banking software across multiple Iranian banks. Comparable to Negah in core banking software development and payment infrastructure, though serving an external multi-bank customer base rather than a single captive parent.
• Parsian Bank Data Group: Parsian Bank's in-house data and technology group provides core banking, digital platforms, and IT services for Bank Parsian, another leading Iranian private bank. Comparable to Negah as a captive bank technology subsidiary serving a similar peer-bank customer.

Emerging players

• Mambu: Mambu provides cloud-native core banking and BaaS infrastructure used by neobanks and digital banks globally. Comparable to Negah's Hibank and core banking work in the digital banking platform layer.
• Thought Machine: Thought Machine builds cloud-native core banking technology deployed by major banks. Comparable to Negah's Core Banking Migration Project in modernizing legacy centralized banking infrastructure.

Regional players

• Saman Bank IT subsidiary: Saman Bank operates its own digital and core banking technology team for its retail banking business. Comparable to Negah as an in-house bank technology operation, though smaller in scale and focused on Saman's own products.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/negahholding

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 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 Technology Holding