a year ago

Fintech Farm Raises $32 Million to Expand Its ‘Neobank in a Box’ Model to India

  • Fintech Farm, a London-based startup that provides technology to medium-sized banks in emerging markets to build digital tools, has raised $32 million in funding

  • The capital comes from an initial Series B round led by Nordstar and an extension Series B round led by the Bank of Georgia

  • Fintech Farm partners with banks in emerging markets to build neobank apps and provide operational support

  • The company has launched in Azerbaijan and Vietnam, and is now focused on expanding to India

  • Fintech Farm's funding round is the latest sign that European tech investors are focused on fintechs building B2B business models.

      • ProblemFinancial Services

      "Many medium-sized banks in emerging markets lack the digital know-how and technology to build neobank apps, making it challenging for them to compete with digital-first banks and provide a modern user experience."

      Solution

      "Fintech Farm provides a 'neobank in a box' platform that offers a complete solution for building and operating a digital bank, including debit and credit cards, buy now pay later, stock investment, and other features, helping these banks to quickly and easily create and launch their own neobanks."

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