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Neofin develops a low-code SaaS platform designed to automate and streamline lending operations for financial institutions. The company’s core product functions as a comprehensive toolkit for credit and lending, managing processes from initial inquiry through to credit scoring, issuance, and verification. This adaptable solution enables rapid deployment of diverse lending products, effectively serving as a “Shopify for lending” for its users.
The company was established in 2016 in Kyiv, Ukraine. Co-founded by Alex Kshutashvili, with Svitlanka Sergiichuk and Max Slobodyanyuk also part of the founding team, Neofin emerged from the insight that traditional lending processes were overly complex and slow. The founders sought to empower financial entities with agile, automated tools to navigate and scale in a rapidly evolving financial landscape.
Neofin’s platform is utilized by a broad range of clients, including banks, credit unions, digital lenders, and various fintech companies. Its vision is to revolutionize how financial products are brought to market, providing the infrastructure for institutions to digitize their operations, enhance efficiency, and expand their lending capabilities with greater speed and flexibility.
Neofin has raised $6.0M across 1 funding round.
Neofin has raised $6.0M in total across 1 funding round.
Neofin has raised $6.0M across 1 funding round. Most recently, it raised $6.0M Seed in February 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2025 | $6M Seed | — | FAR OUT Ventures, Lupa Capital, MAYA Capital, Norte Ventures, Yellow Ventures, Marcelo Sampaio | Announced |
Neofin has raised $6.0M in total across 1 funding round.
Neofin's investors include Far Out Ventures, Lupa Capital, MAYA Capital, Norte Ventures, Yellow Ventures, Marcelo Sampaio.
Neofin is a no-code lending automation platform that enables financial institutions, digital lenders, and fintechs to build, launch, and scale loan or credit products like Buy Now Pay Later (BNPL), P2P lending, online lending, payday loans, and POS credits without extensive engineering resources.[1][2] It serves financial groups, banks, and fintech innovators by solving the pain of developing lending infrastructure from scratch, offering fast deployment, seamless scaling across products and markets, and features like drag-and-drop risk policies, alternative data integration, and customizable user interfaces.[1][2] Customers report rapid launches—such as a car financing product in 3 months—freeing internal teams for core business while handling millions of transactions with ISO27001 and SOC2 certifications.[1]
Neofin was founded by fintech veterans, including Svitlanka, who identified the need for seamless lending infrastructure to accelerate development and market entry, and Max, a serial entrepreneur with 18 years of experience building over 30 businesses generating $100m ARR, including a fintech lender where in-house infrastructure proved challenging.[2] The team collectively brings 3-15+ years in fintech lending, bank lending, KYC/ML/AI, and solutions, having endured legacy core systems from the 90s and early 2000s LOS integrations.[2] The idea emerged from decoding how to democratize lending innovations for institutions lacking vast engineering or budgets, leading to a platform that allows drag-and-drop implementation of complex features like decisioning models and cash flows, enabling real-loan testing in weeks.[2]
Neofin rides the fintech democratization wave, where no-code/low-code tools lower barriers for non-tech-savvy financial institutions to innovate amid rising demand for diverse lending products like BNPL and P2P in emerging markets such as Central Asia.[1][2] Timing aligns with post-2020 fintech boom, as legacy systems falter against agile competitors, and regulations push for scalable, compliant infrastructure—Neofin accelerates time-to-market from years to weeks.[2] It influences the ecosystem by empowering holdings and fintechs to focus engineering on differentiation, fostering broader lending accessibility and inclusion via alternative data and rapid iterations.[1][2]
Neofin is poised to expand as a go-to lending engine for global fintechs, integrating into more markets and products amid surging demand for embedded finance and AI-driven risk models.[1][2] Trends like regulatory pushes for financial inclusion, AI/ML in credit scoring, and no-code proliferation will propel growth, potentially amplifying its network effects through user testimonials and certifications. Its influence may evolve from niche launcher to ecosystem standard, enabling even more innovators to disrupt traditional banking—transforming lending pains into scalable pleasures, as its founders envisioned.[2]
