The Britain-based Fintech Farm, founded by Ukrainians, closed a round of investments for over $20 million
Fintech Farm is a platform for launching neobanks in partnership with traditional banks around the world.
Fintech Farm was founded by three Ukrainians Dmytro Dubilet, Oleksandr Vityaz and Mykola Bezkrovny in 2020. It is a platform for launching neobanks in partnership with traditional banks around the world. The Leobank was the first Fintech Farm project, launched in Azerbaijan. For now company develops neobanks and has several projects in Asia and Africa — there are three neobanks in its portfolio: Leobank in Azerbaijan, Liobank in Vietnam and Fibobank in Nigeria. In the three months after the launch in Azerbaijan, Bezkrovnyi noted, that Leobank has gained more than 100,000 customers, — reported Forbes.
In January 2022, Fintech Farm attracted $7.4 million of investments. The main investor was the internet company Genesis. The company planned to spend the money on expansion. In April’s round the leading investor was the Nordstar fund, according to the AIN.
“The medium-term goal is being presented in ten markets,” — says Bezkrovny.
Read more about Ukrainian IT: The Ministry of Digital Transformation Launches a Platform for State Registries