Fintech Farm Raises $32 Million to Expand 'Neobank in a Box' Strategy to India

To expand its 'neobank in a box' strategy to India, Fintech Farm has raised $32 million in funding. A firm that provides technology to medium-sized banks in emerging economies in order to construct digital tools, Fintech Farm, which is based in London, has raised further financing as it prepares to expand its operations to India. Fintech Farm has raised $32 million in fundraising.

An initial Series B round, which was headed by the London-based venture firm Nordstar, and an extension Series B round, which was led by the London Stock Exchange-listed Bank of Georgia, are the sources of the funding.

Alexander Vityaz, the inventor of cloud-based operating system supplier Corezoid, is a member of the founding team. Former KPMG M&A executive Nick Bezkrovnyy is also a member of the team. Dmytro Dubilet, one of the founders of Ukrainian neobank Monobank, is also a member of the founding team.

Prior to that, in 2022, the business had participated in a round of funding that was worth $7.4 million and was led by Flyer One Ventures and Solid. Other investors were TA Ventures, Jiji, u.ventures, and AVentures Capital.