Ukraine-Moldova American Enterprise Fund (UMAEF) has invested in Fintech-IT Group, a leading developer of digital banking software, propelling the company to a $1 billion valuation and earning it unicorn status—the first FinTech unicorn from Ukraine. UMAEF joins Fintech-IT Group founders Oleg Gorokhovskyi and Mykhaylo Rogalskyi as the company’s first financial investor and only non-founding shareholder. The investment round also includes a consortium of American private investors participating alongside UMAEF.
Fintech-IT Group is the software developer behind monobank, Ukraine’s top neobank and second-largest retail bank overall, which has also gained recognition as one of the world’s most successful neobanks. Monobank has been listed among the world’s top 250 FinTech companies and top 35 global neobanks by CNBC for two consecutive years. As of September 2025, the platform serves 9.9 million clients and consistently holds the highest NPS rating in the Ukrainian banking sector.
Beyond retail banking, Fintech-IT Group’s technology supports tens of thousands of small and medium-sized enterprises (SMEs) in Ukraine, enabling them to accept digital payments and boosting the country’s SME ecosystem.
Jaroslawa Z. Johnson, President and CEO of UMAEF, said the investment aligns with the fund’s strategy of backing local FinTech leaders. “Fintech-IT Group is a striking example of this strategy, achieving outstanding results in Ukraine’s financial services sector and leading in technological advancement and customer satisfaction,” Johnson said. “UMAEF has a long-standing history of investing in innovative FinTech companies with world-class ambition, providing support for the company’s next stage of growth.”
Dennis A. Johnson, Chairman of UMAEF’s Board of Directors, added that the fund remains committed to supporting Ukraine’s reconstruction and growth despite the ongoing conflict. “By investing in Fintech-IT Group, we are paving the way for U.S. investors to participate in Ukraine’s future, while supporting a high-growth company already collaborating with major U.S. partners, including Visa and Mastercard,” he said.
The funds raised in this growth equity round will allow Fintech-IT Group to expand its product suite, including financing and business services for SMEs, benefiting nearly 10 million Ukrainians using its platforms.
About Fintech-IT Group
Fintech-IT Group is a technology company developing integrated software solutions for digital banking and is the software developer behind monobank – the #1 neobank in Ukraine, today serving 9.9 million clients.
About UMAEF
Ukraine-Moldova American Enterprise Fund (UMAEF), formerly known as Western NIS Enterprise Fund (WNISEF), was created by the U.S. Congress in 1994, and is a leading regional fund, with over three decades of successful experience in Ukraine and Moldova (the “Region”). UMAEF’s mission focuses primarily on providing loans and equity to enterprises operating in sectors of interest to U.S. investors in the Region. UMAEF has invested $190 million in 143 companies, employing over 27,000 people in Ukraine and Moldova. Since inception, UMAEF has received $150 million in U.S. government funding, unlocking an estimated $2.4 billion in total capital for Ukrainian and Moldovan companies.
