Led · Seed · Jan 2022

Fintech Farm was founded by three Ukrainians and is co-founded by monobank co-founder Dmytro Dubilet. The company operates in six markets: India, Vietnam, Azerbaijan, Kyrgyzstan, Uzbekistan and Morocco, and serves more than 3.5 million users. It has pursued rapid expansion in India, raising $32 million in 2024 with portions of that funding supporting Ukrainian team salaries. The latest financing is a $15 million debt facility from Flashpoint Fund earmarked to scale operations in India and Vietnam. The lender is not taking equity, a structure the company says helps it grow while preserving its ownership. Fintech Farm continues to focus on scaling its presence across emerging markets.