UMAEF has invested in Fintech-IT Group, propelling it to unicorn status as the first FinTech unicorn from Ukraine, with plans to enhance digital banking solutions and support the local SME ecosystem.

Information on the Target

Fintech-IT Group is a prominent technology firm in Ukraine that specializes in developing integrated software solutions for the digital banking sector. Notably, it is the driving force behind monobank, which holds the title of the number one neobank in Ukraine and ranks second overall among retail banks in the country. As of September 2025, monobank boasts an impressive client base of 9.9 million users and has garnered recognition as one of the most successful neobanks on a global scale, having been listed among the top 250 FinTech companies and top 35 global neobanks by CNBC for two consecutive years.

In addition to serving individual clients, Fintech-IT Group's technology plays a crucial role in empowering small and medium-sized enterprises (SMEs) across Ukraine to accept digital payments effectively. This approach is instrumental in bolstering the SME ecosystem within the country, thereby contributing to economic development.

Industry Overview in Ukraine

The FinTech industry in Ukraine has experienced remarkable growth in recent years, driven by a surge in digital banking solutions and an increasing demand for user-friendly financial services. The innovative landscape is characte