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.
Ukrainian fintech company Fintech Farm has entered the Indian market with Roarbank, a neobank that will operate on the basis of the Indian bank Unity Small Finance Bank.
“We started attracting our first customers in a closed beta test. Over 100,000 users have registered in a few days,” the company said in a press release on LinkedIn.
It is noted that despite small bugs, “everything looks great.”
“After the launch of our MVP, we have ambitious plans to create even more amazing products and services for our Indian customers,” Fintech Farm added.
Fintech Farm is a fintech company specializing in creating neobanks in emerging markets. It was founded in 2021 by Dmytro Dubilet (former PrivatBank top manager and co-founder of monobank), Mykola Beskrovnyi (former head of M&A in the fintech sector at KPMG’s London office), and Oleksandr Vityaz (former head of PrivatBank’s e-Business Center).
According to Fintech Farm’s website, it has now created three more neobanks in other countries: Leobank in Azerbaijan, Liobank in Vietnam, and Simbank in Kyrgyzstan.
