Fintech Farm Raises Late Seed Round of $7.4M to Launch Neobanks in 8 Countries
Summary
In each country, neobanks are launched with new names but the same design and mascot — a funny lion with a lilac mane. Dmytro Dubilet, a co-founder of Fintech Farm, commented: We have a theory that today digital banks have to be not only useful and simple but even entertaining. We are going to fill this gap and accept those customers neglected by traditional banks and offer them fair interest rates. Vladimir Mnogoletniy, Flyer One partner and CEO of Genesis, a tech group, which operates a leading African e-commerce platform Jiji, will be joining Fintech Farms board. Over the past 7 years, we had tremendous success building Jiji — the largest e-commerce platform (on the GMV basis) on the continent and the only sizable e-commerce player in Africa operating near profitability.