One Zero on the shelf? "Amnon Shashua continues to invest until the bank is profitable"

One Zero CEO Eyal Gafni addresses for the first time reports that Prof. Amnon Shashua intends to sell control of the digital bank, denies the bank is "on the shelf," and notes interest from serious entities. The bank has accumulated losses of 1.37 billion shekels but shows growth to 205,000 customers and deposits of 4 billion shekels.

One Zero Bank CEO Eyal Gafni addresses for the first time reports that founder Prof. Amnon Shashua intends to sell control of the digital bank. In an interview with the "Market Forces" podcast of Globes, Gafni denies the bank is "on the shelf" and says: "I don't know about One Zero being on the shelf. The more interesting question is why there are so many buyers and interested parties." The bank, established seven years ago, has accumulated losses of 1.37 billion shekels, but shows consistent growth with 205,000 customers and deposits of about 4 billion shekels. Gafni defends the reported valuation of 1 billion shekels, arguing it is a growth company, and addresses challenges such as Revolut's entry into Israel and the shift in pricing model from fixed subscription fees to free tiers.

One Zero on the shelf? "Amnon Shashua continues to invest until the bank is profitable"