Tezbank is launched in partnership with local Hamkornbank and offers users a free debit card with a credit limit of up to 50 million UZS (approximately $4,000 at current rates). The card includes an interest-free grace period of up to 62 days and offers 10% cashback on purchases.
Customers can transfer funds by phone number or card, top up mobile phones and cards via terminals, and pay for government services, fines, and utility bills — all without commission. The neobank also introduces several features familiar to Ukrainian users, such as “Shake to Pay,” bill splitting at restaurants, in-app spending analytics, and other smart finance tools. Card issuance, delivery, and maintenance are entirely free, and applications are processed via the Tezbank website.
Tezbank is Fintech Farm’s fifth neobank after:
- Leobank in Azerbaijan
- Liobank in Vietnam
- Simbank in Kyrgyzstan
- Roarbank in India
India was the most recent market entry, launched in May 2024, while the company's earlier Nigerian venture was discontinued in 2023.
In May 2024, Forbes Ukraine reported that Fintech Farm planned to expand into Kyrgyzstan, India, and potentially Morocco. At the same time, the company announced a $32 million investment extension round led by Bank of Georgia, a publicly listed company on the London Stock Exchange. By early 2024, this funding had pushed Fintech Farm’s valuation to over $100 million. The company has recently opened 40 new roles, including positions for Ukrainian specialists.
Founded in 2020, Fintech Farm was established by:
- Dmytro Dubilet, former executive at Ukraine’s state-owned PrivatBank and co-founder of monobank
- Mykola Bezkrovnyi, previously head of fintech M&A at KPMG London
- Oleksandr Vityaz, former head of e-business at PrivatBank
The company continues to position itself as a scalable neobanking technology provider for emerging market
