Fintech Farm, a London-based startup, has successfully raised $32m in funding.
The company, which offers technology solutions to mid-sized banks in emerging markets, enabling them to develop digital banking tools, secured this capital through a Series B funding round, according to a report from Sifted.
The funding was led by Nordstar, a London-based venture firm, followed by an extension from the London Stock Exchange-listed Bank of Georgia.
Fintech Farm’s primary service involves partnering with banks in emerging markets to build neobank applications. Fintech Farm provides comprehensive operational support through its ‘neobank in a box’ model, which includes essential digital banking services like debit and credit cards, and investment options.
The funds from this latest round will be used to launch and expand the company’s fintech products in India. This move aims to enhance consumer access to credit in a market burgeoning with digital payment systems and intense competition.
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