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 characterized by rapid technological advancements, with Ukrainian startups emerging as key players in the global FinTech arena. This growth is facilitated by a tech-savvy populace and a thriving ecosystem of entrepreneurs and developers.

Ukraine's strategic partnerships with international financial institutions have also fostered growth within the sector. Major players, including Visa and Mastercard, are actively involved in collaborations that enhance the local banking technology infrastructure, thereby driving further innovation. The government's support for digital transformation initiatives has created an environment conducive to the proliferation of FinTech solutions and services.

Despite challenges faced due to geopolitical tensions, the resilience of the Ukrainian FinTech market has become evident. Investors are increasingly attracted to the potential returns and growth opportunities presented by FinTech companies within the region. The combination of local talent and a favorable regulatory environment has positioned Ukraine as a budding European tech hub.

Looking ahead, the prospects for the FinTech sector in Ukraine remain bright, with continuous investments supporting startups and established firms alike. As digital banking adoption accelerates and customer preferences evolve, innovative solutions that enhance convenience and security will likely drive further growth and investment.

The Rationale Behind the Deal

The investment by Ukraine-Moldova American Enterprise Fund (UMAEF) in Fintech-IT Group is grounded in the company's strong fundamentals and its exceptional performance in the rapidly evolving Ukrainian financial services sector. By becoming the company's first financial investor and only non-founding shareholder, UMAEF aims to leverage its expertise and networks to support the ongoing growth and scale of Fintech-IT Group. The fund's commitment highlights confidence in the potential of Ukrainian FinTech to attract significant international interest and capital, particularly from U.S. investors.

Furthermore, the strategic alignment with Fintech-IT Group, a leader in technological advancement and customer satisfaction in the Ukrainian market, speaks to UMAEF's broader mission of fostering innovation and economic development in the region, ultimately paving the way for a prosperous future.

Information about the Investor

Founded in 1994 by the U.S. Congress, the Ukraine-Moldova American Enterprise Fund (UMAEF) has a rich history of investing in Ukrainian and Moldovan enterprises. With over 30 years of experience, the fund has successfully navigated various market conditions and economic landscapes, focusing its efforts on sectors attractive to U.S. investors. The organization operates as a Delaware corporation, governed by seasoned American business professionals.

Over the years, UMAEF has allocated $190 million across 143 companies in Ukraine and Moldova, generating employment for over 27,000 individuals. Since its inception, the fund has unlocked an estimated $2.4 billion in total capital within the region, illustrating its significant impact on local economies. Despite the challenges posed by recent geopolitical events, UMAEF has remained committed to investing in Ukraine, reflecting its steadfast belief in the country’s long-term economic resilience.

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The investment by UMAEF in Fintech-IT Group represents a crucial opportunity within a high-growth sector characterized by innovation and potential. This strategic partnership not only signifies confidence in Fintech-IT Group's capabilities but also serves as a beacon for other investors considering entry into the Ukrainian market. Given the increasing importance of digital financial services, a company like Fintech-IT Group stands to benefit significantly from this trend as it consolidates its position as a leading player in the FinTech space.

Moreover, acknowledging the company’s robust client base and award-winning services indicates a promising outlook for sustained growth. The firm’s focus on advancing its technology and expanding its offerings for SMEs aligns well with market demand and the necessity for streamlined financial solutions, making it an attractive investment for UMAEF and its partners.

UMAEF’s extensive background in supporting innovative FinTech ventures further strengthens the rationale behind this investment. Its historical success in the sector positions it well to assist Fintech-IT Group as it navigates its next growth phase, ultimately enabling the company to reach its ambitious goals, including a potential IPO on a leading U.S. stock exchange.

In conclusion, the collaboration between UMAEF and Fintech-IT Group could serve as a pivotal moment in enhancing both the local and regional FinTech landscape, potentially transforming investor perceptions and paving the way for further investments into Ukraine’s burgeoning technology ecosystem.

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