Fintech Farm, a pioneering London-based startup facilitating the launch of all-digital neobanks in emerging markets, has successfully raised $32 million in funding.
This significant investment comprises an initial Series B round led by London-based venture firm Nordstar, followed by an extension Series B round spearheaded by the London Stock Exchange-listed Bank of Georgia.
Fintech Farm’s innovative ‘neobank in a box’ service offers a comprehensive suite of operational applications tailored for budding challenger banks. These features include debit and credit card offerings, buy now pay later options, credit engines, and stock investment capabilities.
Founded by three Ukrainian nationals—Dmytro Dubilet, co-founder of digital banking startup Monobank; Oleksandr Vitiaz, IT lead; and Nick Bezkrovnyy, former M&A director at KPMG UK—Fintech Farm is headquartered in London.
The company’s maiden project, Leobank, was introduced in 2021 and has already amassed over 1 million active users. Further bolstering its portfolio are ventures like Liobank in Vietnam and Fibo in Nigeria.
With a steadfast vision for growth, Fintech Farm now turns its attention to the Indian market. The objective is to enhance consumer access to credit solutions. Already equipped with a local bank partner (whose identity remains undisclosed), Fintech Farm is poised to catalyze financial inclusivity and innovation in India’s burgeoning fintech landscape.
