London-based firm FinTech Farm has secured $7.4m from a seed funding round co-led by Flyer One Ventures and Solid.
The round also saw financial participation from Jiji, TA Ventures, AVentures Capital and u.Ventures.
FinTech Farm is creating neobanks in emerging markets that provide customers with user-friendly mobile apps and credit products for mass audiences as well as even clients with thin credit histories.
In November last year, the firm launched Leobank, an Azerbaijani neobank. So far, 100,000 cards have already been issued.
According to FinTech Farm, it intends to use the new funds to launch neobanks in eight countries across Asia and Africa during the next two years.
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