One Zero Secures $100M to Innovate Banking

One Zero, a fintech startup founded by Amnon Shashua, the visionary behind Mobileye, is on the cusp of raising $100 million to transform retail banking through artificial intelligence. With an ambitious mission to democratize private banking services, One Zero aims to provide high-quality financial advice to the masses.

• $100 Million Fundraising Effort: One Zero is currently seeking to raise at least $100 million. The company has already secured approximately $242 million and was valued at $320 million in 2023, with expectations for a higher valuation in the next funding round.

• Notable Investors: Previous backers include major firms like Tencent, OurCrowd, and SBI Ventures. The specific investors for this round have yet to be disclosed.

• Innovative AI Chatbot: The startup’s chatbot, Ella, aims to surpass existing banking chatbots by offering more complex services that typically require human intervention.

With the impending $100 million raise, One Zero is poised to redefine retail banking by integrating advanced AI technology to make financial services more accessible and effective.