The investment consists of two Series B rounds: the first, led by London-based venture firm Nordstar, and the second, led by Bank of Georgia, a company listed on the London Stock Exchange.

The 'neobank in a box' solution offered by Fintech Farm comprises a range of functional applications for struggling challenger banks, including credit engines, stock investing, debit and credit cards, and buy now pay later alternatives.

Three Ukrainian citizens, Dmytro Dubilet (co-founder of digital banking startup Monobank), Oleksandr Vitiaz (head of IT), and Nick Bezkrovnyy (former M&A director at KPMG UK), created the company, which is based in London.

Leobank, the inaugural project of Fintech Farm, was introduced in 2021. It already has more than a million active users as of right now. The company's portfolio also includes ventures like Fibo in Nigeria and Liobank in Vietnam.

With the aim of increasing consumer access to credit, Fintech Farm has now focused on the Indian market. It already has a partner bank in the area, the identity of which is kept secret.