Visa and Fintech Farm have signed a partnership to make banking in the Central and Eastern Europe Middle East and Africa even cooler
10 July 2024
It was oven-hot in Dubai, but that didn’t stop Visa and Fintech Farm from signing a memorandum of cooperation. They will collaborate on developing innovative digital banking solutions in the CEE, GCC and NALP regions.
With its product "Neobank in a Box," Fintech Farm helps traditional banks create and run digital banks, also known as neobanks. They provide end-to-end technology and expertise for retail and SME banking. One of the distinctive features of their mobile apps is gamification 🦁, which significantly decreases customer acquisition costs and increases customer engagement (not vice versa).
“We are big fans of Visa people and Visa technologies,” says Dmytro Dubilet, co-founder and CEO of Fintech Farm. “Together, we can bring truly cool and profitable neobanking to Visa partners.”
"At Visa, we love working with innovative companies and exciting technologies. We are teaming up with Fintech Farm to bring cutting-edge digital banking solutions to the GCC and NALP regions and we're excited to see the transformative impact this collaboration will have on the future of banking." Said Hasan Kazmi, Vice President and Head of Digital Partnerships Central and Eastern Europe Middle East and Africa at Visa.
With its product "Neobank in a Box," Fintech Farm helps traditional banks create and run digital banks, also known as neobanks. They provide end-to-end technology and expertise for retail and SME banking. One of the distinctive features of their mobile apps is gamification 🦁, which significantly decreases customer acquisition costs and increases customer engagement (not vice versa).
“We are big fans of Visa people and Visa technologies,” says Dmytro Dubilet, co-founder and CEO of Fintech Farm. “Together, we can bring truly cool and profitable neobanking to Visa partners.”
"At Visa, we love working with innovative companies and exciting technologies. We are teaming up with Fintech Farm to bring cutting-edge digital banking solutions to the GCC and NALP regions and we're excited to see the transformative impact this collaboration will have on the future of banking." Said Hasan Kazmi, Vice President and Head of Digital Partnerships Central and Eastern Europe Middle East and Africa at Visa.
About Fintech Farm
Fintech Farm is a London-based company with Ukrainian roots that launches credit-led neobanks in partnerships with traditional local banks. Last year, the company’s first neobank project Leobank in Azerbaijan reached 1 million active customers in its first neobank, Leobank in Azerbaijan, while the Vietnamese Liobank successfully entered the scaling stage and also launched Liobank in Vietnam. This year, the "farmers" are launching neobanks in India and several other Asian countries
The company was founded in 2020 by Ukrainians Dmytro Dubilet (co-founder of Monobank, the leading neobank in Ukraine), Nick Bezkrovnyy (former M&A director at KPMG UK), and Oleksandr Vityaz (Ukrainian IT mastermind, author of 32 patents in banking and computer science).
The company was founded in 2020 by Ukrainians Dmytro Dubilet (co-founder of Monobank, the leading neobank in Ukraine), Nick Bezkrovnyy (former M&A director at KPMG UK), and Oleksandr Vityaz (Ukrainian IT mastermind, author of 32 patents in banking and computer science).
About Visa
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com