Fintech Farm Raises $32M in Funding

Fintech Farm, a London, UK-based fintech startup which provides the tools to create neobanks in emerging markets, raised $32m in funding.

The funding included an initial Series B round led by Nordstar and an extension Series B round led London Stock Exchange-listed Bank of Georgia.

The company intends to use the funds to continue to expand operations and its business reach.

Founded by Dmytro Dubilet, Oleksandr Vitiaz, and Nick Bezkrovnyy, Fintech Farm provides a platform that allows traditional banks to create and run digital banks (neobanks) via a mobile app as well as an entire end-to-end tech stack. The company develops credit engines and AI-powered credit models, build data-driven customer acquisition and retention processes, and customer services.

Fintech Farm’s projects include Leobank in Azerbaijan, Liobank in Vietnam, and is launching new products in Kyrgyzstan and India in 2024. 

FinSMEs

14/05/2024