Fintech Farm Raises $7.4M in Seed Funding

Fintech Farm, a London, UK-based fintech company creating neobanks in emerging markets, has raised a $7.4M in Seed funding.

The round was ld by Flyer One Ventures and Solid with participation from Jiji, TA Ventures, u.ventures, and AVentures Capital.

The company intends to use the funds to launch neobanks in 8 countries during the next two years.

Fintech Farm creates neobanks providing customers with user-friendly mobile apps and credit products for mass audiences and even clients with thin credit histories. In November 2021, the company launched Leobank in Azerbaijan, and 100,000 cards have already been issued. Over the next two years, Fintech Farm plans to enter eight emerging markets spread across Africa and Asia.

FinSMEs

17/01/2022