Dmytro Dubilet's Fintech Farm startup launches neobank Roarbank in India
Fintech Farm, a London-based startup with Ukrainian roots that creates neobanks, has launched a beta test of its new product Roarbank in the Indian market.
Fintech Farm, a London-based startup with Ukrainian roots that creates neobanks, has launched a beta test of its new product Roarbank in the Indian market.
Fintech Farm reports that Roarbank has garnered over 100,000 signups in just a few days. The startup’s partner in India is Unity Small Finance Bank.
«We have now started to engage our first customers in closed beta testing. There are still some small bugs, but overall everything looks great. The first customer feedback is very positive!», the startup claims .
Fintech Farm says they were surprised to see over 100,000 signups because they hadn’t yet started marketing Roarbank «properly.» The company said it plans to roll out more services to customers after the MVP product launches.
Currently, Roarbank customers are offered an interest-free loan for up to 62 days, cashback of up to 20%, and a feature similar to Shake to Pay in monobank, which allows you to shake your smartphone to find nearby devices for quick funds transfer.
Recall that last fall, Fintech Farm launched the neobank Simbank in Kyrgyzstan. The country has become the startup’s fifth market. Previously, Fintech Farm launched Leobank in Azerbaijan and Liobank in Vietnam.
«Vietnam or India are large, fairly developed markets that, in our opinion, have been waiting for our product,» Fintech Farm co-founder Mykola Bezkrovny noted last year.
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Ukrainian-founded Fintech Farm launches neobank in Kyrgyzstan
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UPD. The startup of monobank co-founder Dmytro Dubilet — Fintech Farm — received $32 million in investment to enter new markets. But the lion’s share of these funds will be spent on the salaries of the Ukrainian team: what specialists is the company looking for
UPD. The startup of monobank co-founder Dmytro Dubilet — Fintech Farm — received $32 million in investment to enter new markets. But the lion’s share of these funds will be spent on the salaries of the Ukrainian team: what specialists is the company looking for
