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

Fintech Farm, a U.K.-based fintech startup, announced $7.4 million in seed funding on January 13, 2022, to scale its neobank-launching platform across emerging markets. The round was led by Flyer One Ventures and Solid, with participation from TA Ventures, Jiji, u.ventures, and AVentures Capital. The company operates a banking-as-a-platform middleware model in which it partners with local banks through 50-50 equity joint ventures, handling the consumer-facing app, customer acquisition, and credit decisioning while partner banks contribute licenses, balance sheet capital, and local market expertise.

Co-founded by Dmytro Dubilet (ex-Monobank), Nick Bezkrovnyy (ex-KPMG U.K.), and Alexander Vityaz (Middleware founder/CEO), the startup had already launched a credit-led neobank app in Azerbaijan in November 2021 offering loans, cards, deposits, and transfers. In Nigeria, Fintech Farm began with a co-operative license and plans to pursue bank partnerships after reaching 200,000 customers. The company aims to expand into eight countries within 24 months, positioning itself as a scalable embedded banking infrastructure provider for underserved markets.