4 years ago

Fintech Farm Raises $7.4M to Launch Neobanks in Emerging Markets

  • Fintech Farm, a London-based fintech company creating neobanks in emerging markets, has secured $7.4 million in seed funding led by Flyer One Ventures and Solid

  • The funding will be used to launch neobanks in 8 countries over the next two years

  • Fintech Farm's neobanks provide user-friendly mobile apps and credit products for mass audiences, including those with thin credit histories

  • The company launched Leobank in Azerbaijan in November 2021 and has already issued 100,000 cards

  • Fintech Farm plans to expand into eight emerging markets in Africa and Asia.

      • ProblemFinancial Services

      "Mass audiences and clients with thin credit histories lack access to user-friendly mobile apps and credit products."

      Solution

      "Fintech Farm creates neobanks providing customers with user-friendly mobile apps and credit products for mass audiences and even clients with thin credit histories."

      Covered on