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.
Biosecurity agencies of India have decided to open the Indian market for Ukrainian apples, the Ukrsadprom association has reported on its website.
According to the report, Ukrainian apples harvested in 2018 can already be delivered to India, if the established phytosanitary conditions are observed. The Indian side determined the special conditions for supply of Ukrainian apples, in particular, keeping them until shipment from Ukraine at a temperature of 0 centigrade for 13 days, which should be indicated in the phytosanitary certificate.
“The opening of the Indian market for Ukrainian apples is the number one event not only for gardeners, but also for Ukraine as a whole. India is able to completely replace the Russian market, which was the main one for Ukrainian apples until 2014, and also would lead to the need to improve the technology of growing and storage, which was not required for the Russian market, since the time of transportation to India is about a month,” Head of the Ukrsadprom association Dmytro Kroshka said.
In addition, in his opinion, this will lead to the development of maritime logistics of fruits when exporting from Ukraine, will give the opportunity of significantly increasing the trade turnover between Ukraine and India, given the volume and significantly higher cost of Ukrainian apples compared to, for example, grain crops exported to India.
