Fintech Farm, founded by Ukrainians, has launched a beta test of Roarbank in India, according to its LinkedIn page. The company says it received more than 100,000 registrations in a few days.

A year ago, Fintech Farm raised $32 million to enter the Indian market.

"We’ve now started onboarding our first customers in a closed beta. There are still some small bugs here and there but overall things are looking great. Early feedback from customers is very positive!" the company said.

Unity Small Finance Bank became the company's partner in India. After the launch of 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 interest-free period, up to 20% cashback on selected categories on a monthly basis, and up to 7.5% interest per annum on a savings account.

Last September, Fintech Farm launched Simbank in Kyrgyzstan and the company is also developing Leobank in Azerbaijan and Liobank in Vietnam.

Read more: “We are launching one neobank in six months, and plan to reduce it to four.” Interview with Dmytro Dubilet on the $32M investment in Fintech Farm.