Fintech Farm
Financials
Estimates*
USD | 2022 | 2023 |
---|---|---|
Revenues | 6.6m | 26.8m |
% growth | - | 305 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | $7.4m | Seed | |
N/A | Series B | ||
* | $11.0m Valuation: $100m | Series B | |
* | N/A | $11.0m | Convertible |
* | $32.0m | Series B | |
Total Funding | CAD83.7m |
Recent News about Fintech Farm
EditFintech Farm is a dynamic startup that specializes in the creation and operation of digital banks, also known as neobanks. They offer a comprehensive suite of services, including the development of mobile banking applications, credit engines, and AI-powered credit models. They also build data-driven customer acquisition and retention strategies, and prioritize creating an excellent customer service experience.
Fintech Farm's primary clients are traditional banks looking to transition into the digital banking space. They operate in emerging markets, with a focus on countries like Kyrgyzstan, India, Vietnam, and Azerbaijan. Their business model is performance-based, meaning their compensation is tied directly to the success of the neobanks they help create.
The company has a proven track record of success, having already launched successful neobanks in several markets. For instance, they have reached over 1 million users in Azerbaijan, making them the second largest consumer bank by payment volume in the country. They also have a strong presence in Vietnam, with their Liobank product reaching 200,000 customers. They are optimistic about their expansion into India and Kyrgyzstan, driven by favorable regulatory changes and strong digital uptake.
Fintech Farm generates revenue through their performance-based compensation model. This means they earn money when the neobanks they help create achieve success, aligning their financial interests with those of their clients.
Keywords: Fintech, Neobank, Digital Banking, Credit Models, Customer Acquisition, Customer Retention, Emerging Markets, Performance-Based Compensation, Mobile Banking Application, Customer Service.