Fintech Farm raises $15 million to expand into Asian markets
Fintech company Fintech Farm, founded by Dmytro Dubilet, has secured $15 million in debt financing from the investment fund Flashpoint to expand operations in India and Vietnam.
According to the official release from the investment fund Flashpoint, the financing will enable Fintech Farm to strengthen its presence in Asian markets. In August 2025, the company had already started operations in Uzbekistan, launching the Tezbank project in partnership with Hamkornbank.
Fintech Farm specializes in creating and launching digital banks in collaboration with local financial institutions. The company is actively operating in the markets of Azerbaijan, Vietnam, India, Uzbekistan, Kyrgyzstan, and Morocco. Currently, over 3.5 million people use its services, and the credit portfolio exceeds $200 million. The company’s product includes a mobile application and a technology platform covering banking infrastructure, credit analysis, and customer lifecycle management.
Flashpoint is an international investment company headquartered in London, founded in 2012 by Michael Salontay and Aleksander Konoplyasty. It invests in technology companies from Central and Eastern Europe, the Baltic states, and Israel. It manages several funds with assets over $500 million and has a portfolio of 61 companies. Although Flashpoint had ties with the Russian market in the past, they have ceased investments in the country since 2015.
| Market | Number of Users | Credit Portfolio |
| Azerbaijan | ~500,000 | $50 million |
| Vietnam | ~1,000,000 | $70 million |
| India | ~800,000 | $50 million |
| Uzbekistan | ~700,000 | $30 million |
| Kyrgyzstan | ~300,000 | $20 million |
| Morocco | ~200,000 | $10 million |
