Ukrainian fintech startup Fintech Farm (co-founded by former PrivatBank top manager Dmytro Dubilet) has entered the Uzbekistan market with a new digital bank, Tezbank, created in partnership with local Hamkorbank.
This is the company’s fifth market, according to AIN.UA.
According to local media reports, Tezbank operates entirely online (without branches), offering mobile banking, cashback, and credit products; Hamkorbank is its licensing and back-office partner.
Context. Prior to Uzbekistan, Fintech Farm launched neobanks in Azerbaijan (Leobank), Kyrgyzstan (Simbank), India (Roarbank), and Vietnam (Liobank); the company previously closed a project in Nigeria. The startup declares plans to enter 2-3 new markets each year, considering Southeast and Central Asia and Morocco.
Fintech Farm was founded in 2020 by Dmitry Dubilet, Alexander Vityaz, and Nikolay Bezkrovny as a “serial producer” of neobanks on a single technology platform. In 2024, the company raised $32 million in investments (a round involving Bank of Georgia) for international expansion.
According to AIN.UA, Fintech Farm’s total customer base exceeds 2.5 million users; the company’s value at the beginning of 2024 is $100+ million.
