Ukraine-Moldova American Enterprise Fund (UMAEF, Fund) announces its investment in Fintech-IT Group, a leading developer of digital banking software in Ukraine, propelling the Company to a $1.0bn valuation in this growth equity round, achieving unicorn status and becoming the first FinTech unicorn out of Ukraine.
In addition to its direct investment, the Fund leads a consortium of American private investors investing alongside UMAEF. The size of the investment has not been disclosed.
The Ukrainian IT holding Fintech-IT Group, the software developer behind monobank, Ukraine’s largest neobank and the country’s second-largest retail bank by number of customers, plans to take Fintech public on a U.S. stock exchange.
Fintech-IT Group develops integrated software solutions for digital banking and is the software developer behind monobank – the #1 neobank in Ukraine, #2 retail bank overall, as well as one of the most successful neobanks globally. For two consecutive years, monobank has been listed among the world’s top 250 FinTech companies and top 35 global neobanks by CNBC.
With 9.9m clients as of September 2025, it consistently maintains the highest NPS rating in the Ukrainian banking sector, receiving multiple awards annually. Fintech-IT Group’s technology also empowers tens of thousands of small and medium-sized enterprises (SMEs) in Ukraine to accept digital payments seamlessly, thus supporting the development of the SME ecosystem in the country.
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Ukraine-Moldova American Enterprise Fund (UMAEF), formerly known as Western NIS Enterprise Fund (WNISEF), was created by the U.S. Congress in 1994. UMAEF is a Delaware corporation governed by experienced American business professionals with initial funding of $150 million provided by the U.S. government. UMAEF’s mission focuses primarily on providing loans and equity to enterprises operating in sectors of interest to U.S. investors in the region.
To date, UMAEF has invested $190 million in 143 companies, employing over 27,000 people in Ukraine and Moldova.
Banking 4.0 – „how was the experience for you”
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