Julius Baer, SBI and Tencent led a $120m Series A round in First Digital Bank.

Julius Baer, a Swiss wealth management group, SBI, a Japanese financial conglomerate, and Tencent, a technology company, led a $120m Series A round in First Digital Bank, an artificial intelligence based Israeli digital bank aspiring to democratize access to private banking. "FDB is now joining forces with highly reputable and financially strong global investors. Our new investors will enhance FDB’s resilience, enabling us to offer consumers a true alternative to the traditional banks in the market. We are excited about the immense impact this could have on Israeli households and are looking forward to working with our new investors to reach additional markets," Gal Bar Dea, FDB CEO.