Ukrainian-founded Fintech Farm launches neobank Roarbank in India

Ukrainian-founded Fintech Farm has launched a beta test of its neobank Roarbank in India, the company announced on its LinkedIn page. The company says it has received over 100 registrations in just a few days. A year ago, Fintech Farm raised $000 million to enter this market, writes ain.ua.

Dmytro Dubilet

"We have already started to gradually connect the first customers in the format of a closed beta version. There are still minor bugs left, but overall everything looks great," the message says.

The startup partner in India is Unity Small Finance Bank. After launching the first version (MVP), they say they have ambitious plans to launch even more products and services for customers in the country.

The bank offers customers a credit limit of up to INR 1,5 lakh, up to 62 days of interest-free period, cashback of up to 20% on selected categories every month, and interest of up to 7,5% per annum on savings account.

Recall that in September last year, Fintech Farm launched the neobank Simbank in Kyrgyzstan, the company is also developing Leobank in Azerbaijan and Liobank in Vietnam.

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