FintechneobankBank Iran Zamin / HiWeb HoldingIn the registry
Entity IDIR-CO-2326
SectorFintech
Founded2022
HQTehran
VerificationReported
Last reviewed2026-08-06
FardaBank is a neobank launched in 2021 as a joint venture between HiWeb Holding and Bank Iran Zamin. It offers fully digital banking services including online account opening, card-to-card transfers, bill payments, insurance, and investment products in a single app marketed as a unified financial services platform.
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Decision snapshot
Who built it: two named companies, Hub Web and Arman Vafadari Aria, with Bank Iran Zamin's backing (third party)
In an interview published on 20 June 2022, Abdolmajid Poursaeed, chief executive of Bank Iran Zamin, said that the initial launch of the Farda smart neobank application had recently been completed by two companies, Hub Web and Arman Vafadari Aria, with the support of Bank Iran Zamin, and that it would be made available to the general public in the near future.
Statement published 20 June 2022Third-party reported
Status at the time of the statement: in test with selected users, not yet unveiled (third party)
Asked about the bank's development plans for the coming three months, the chief executive said that Bank Iran Zamin had set up a neobank in cooperation with one of the large businesses, that extending it to other businesses was a bank priority, that the application in question had at that point been placed in the hands of some users for testing, and that its unveiling would take place shortly.
Statement published 20 June 2022Third-party reported
Every field carries an explicit evidence state and its source. Self-reported figures are labelled as such; nothing is presented with more certainty than its source supports.
Business model & group
What it claims to be: banking configured per customer (third party)Statement published 20 June 2022Third-party reported
In the same interview the chief executive of Bank Iran Zamin described FardaBank's competitive advantage as providing services privately on the basis of each person's own requests, so that every individual has a personal bank of their own in which they can receive the services they need.
Fararu, news item 556074, interview with Bank Iran Zamin chief executive Abdolmajid Poursaeed, credited to Nabz-e Bazar ↗ · retrieved 2026-09-24This is positioning rather than a product description: it names no account type, no fee, no limit and no partner business, and nothing in the source shows how the personalisation works. It is recorded because it is the earliest statement of what the product was meant to be, from the sponsoring bank's chief executive, and it frames FardaBank as a configurable front end onto Bank Iran Zamin rather than as a licensed bank in its own right. Nothing here establishes a licence, a balance sheet or a customer count.
Source ledger, every field, its evidence
Who built it: two named companies, Hub Web and Arman Vafadari Aria, with Bank Iran Zamin's backing (third party)Third-party reportedStatement published 20 June 2022
In an interview published on 20 June 2022, Abdolmajid Poursaeed, chief executive of Bank Iran Zamin, said that the initial launch of the Farda smart neobank application had recently been completed by two companies, Hub Web and Arman Vafadari Aria, with the support of Bank Iran Zamin, and that it would be made available to the general public in the near future.
What it claims to be: banking configured per customer (third party)Third-party reportedStatement published 20 June 2022
In the same interview the chief executive of Bank Iran Zamin described FardaBank's competitive advantage as providing services privately on the basis of each person's own requests, so that every individual has a personal bank of their own in which they can receive the services they need.
Status at the time of the statement: in test with selected users, not yet unveiled (third party)Third-party reportedStatement published 20 June 2022
Asked about the bank's development plans for the coming three months, the chief executive said that Bank Iran Zamin had set up a neobank in cooperation with one of the large businesses, that extending it to other businesses was a bank priority, that the application in question had at that point been placed in the hands of some users for testing, and that its unveiling would take place shortly.
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Registered entity
Entity notesDiscovered via TechRasa Insight Iran FinTech 2025 (FY2024-25). Pending TI entity verification: operating entity, national ID, active status.
Fields on this profile derive from linked public sources or the official company registry; unknown values stay blank rather than guessed, and estimates are always labelled. How we verify →
Registry check on FardaBank: legal entity, capital, board and managing director from the Official Gazette. USD 750, three working days. Full dossier with audited figures, competitors and risks: USD 3,000, five working days.
