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Based in London, United Kingdom, Fintech Farm provides a comprehensive platform that enables traditional banks in emerging markets to launch and operate digital-only banking services. The company supplies a complete technology stack, including mobile applications, customer acquisition strategies, and AI-powered credit models. They operate on a performance-based joint venture model where partner banks provide local regulatory licensing and capital. The platform has achieved significant scale across multiple international markets, highlighted by its Leobank deployment in Azerbaijan which has successfully acquired over 1 million active users. To fuel further expansion into countries like India and Vietnam, Fintech Farm recently raised a $32 million Series B funding round backed by notable institutional investors including Nordstar, Bank of Georgia, and Flyer One Ventures. The enterprise was founded in 2020 by Dmytro Dubilet, Oleksandr Vityaz, and Nick Bezkrovnyy.
Fintech Farm has raised $61.4M across 3 funding rounds.
Fintech Farm has raised $61.4M in total across 3 funding rounds.
Fintech Farm has raised $61.4M across 3 funding rounds. Most recently, it raised $32.0M Series B Extension in May 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 14, 2024 | $32M Series B Plus | Bank OF Georgia, Nordstar | — | Announced |
| Apr 1, 2023 | $22M Series B | — | Acrobator Ventures, DST Global, OAK HC/FT, Point72 Ventures, Stash Ventures, Third Prime, Tomahawk.vc, Valar Ventures, Cornelius Walter, Victor Jacobsson | Announced |
| Jan 13, 2022 | $7.4M Seed | Vladimir Mnogoletniy, Solid | AVentures Capital, Jiji, TA Ventures, U.ventures | Announced |
Fintech Farm has raised $61.4M in total across 3 funding rounds.
Fintech Farm's investors include Bank of Georgia, Nordstar, Acrobator Ventures, DST Global, Oak HC/FT, Point72 Ventures, Stash Ventures, Third Prime, Tomahawk.VC, Valar Ventures, Cornelius Walter, Victor Jacobsson.
Fintech Farm is a U.K.-based fintech company founded in 2020 that partners with traditional banks in emerging markets to launch and operate neobanks, providing end-to-end tech stacks including mobile apps, AI-powered credit models, and data-driven customer acquisition processes.[1][2][4] It serves mid-sized banks seeking to digitize services for mass-market customers with limited credit histories, solving the problem of low financial inclusion by offering accessible credit-led products like dual debit/credit cards, savings accounts, deposits, and transfers via user-friendly apps.[3][5] Key projects include Leobank (Azerbaijan, over 1 million users since 2021), Liobank (Vietnam), Fibo (Nigeria), Simbank (Kyrgyzstan, 100,000 users by April 2025), Roarbank (India, over 100,000 sign-ups in days by April 2025), and Tez (Uzbekistan), with more launches planned; the company has raised $39.4M total ($7.4M seed in 2022, $22M Series B in 2023 from Nordstar, $7.6M extension in 2025 from Bank of Georgia).[1][4]
Its growth momentum is rapid, demonstrated by quick user acquisition in new markets and performance-based compensation tied to success metrics like customer love and scale.[1][4][5]
Fintech Farm was founded in 2020 by Ukrainians Dmytro Dubilet, Oleksandr Vitiaz (also Alexander Vityaz), and Nick Bezkrovnyy, leveraging their expertise from prior successes.[1][2][4] Dubilet co-founded Monobank, Ukraine's highly successful mobile-only bank; Vitiaz is an IT expert with 35 patents and founder of Corezoid.com (Middleware); Bezkrovnyy brings 20 years as a fintech M&A director at KPMG U.K.[2][3][4]
The idea emerged post-Monobank, focusing on replicating neobank success in emerging markets via bank partnerships rather than full licenses, starting with Leobank's launch in Azerbaijan in November 2021, which quickly gained traction through credit-led offerings for thin-file customers.[1][5] Early funding ($7.4M seed in January 2022 led by Flyer One Ventures and Solid) fueled expansion to eight countries, with pivotal moments like the 2023 Series B and 2025 extension enabling India entry.[1][5]
Fintech Farm rides the neobanking wave in emerging markets, where smartphone penetration outpaces traditional banking, enabling mass digital adoption amid rising demand for inclusive credit.[1][3][6] Timing is ideal post-2020 fintech boom, with market forces like regulatory support for bank-fintech partnerships, underserved populations (e.g., thin credit files in India, Africa, Central Asia), and AI advancements favoring its models.[1][4][5]
It influences the ecosystem by empowering traditional banks to compete with pure digital players, accelerating financial inclusion—e.g., via Visa partnerships and rapid launches—while proving scalable, unregulated tech can transform mid-tier institutions without heavy capital outlay.[4][5]
Fintech Farm's trajectory points to aggressive expansion into more emerging markets (e.g., additional "?" launches teased), prioritizing credit portfolio growth through deposits and AI enhancements amid India's boom and Central Asia/Africa traction.[1][4] Trends like AI credit scoring, embedded finance, and regulatory easing for partnerships will propel it, potentially scaling to tens of millions of users as neobanks capture 20-30% market share in targets.
Its influence may evolve from operator to platform leader, licensing tech stacks more broadly, building on $39M+ funding and Monobank pedigree to redefine bank digitization—cementing its role as the go-to for emerging-market neobank success.[1][2][4]
