Fintech-IT Group
| Company type | Private (Holding) |
|---|---|
| Industry | Fintech, IT, E-commerce |
| Founded | March 2017 |
| Founders | Oleg Gorokhovskyi, Mykhailo Rogalskyi |
| Headquarters | Ukraine |
Area served | Ukraine |
Key people | Oleg Gorokhovskyi, Mykhailo Rogalskyi |
| Products | monobank, monobusiness, monomarket, monobazaar, Expirenza, Base by mono, Loyalty.ai |
Number of employees | Over 800 (February 2026) |
| Subsidiaries | Fintech Band, ACDC Processing, Shake to Pay / Expirenza, Kilobyte, MOSST |
Fintech-IT Group is a Ukrainian technology holding company and the developer of the mono product ecosystem. The group specializes in creating integrated software products for digital banking, e-commerce, and the HoReCa.[1][2][3] In October 2025, the company became Ukraine's first fintech "unicorn," achieving a valuation of over $1 billion following an international investment round.[4][5][1][6]
History
The holding was established in March 2017 by entrepreneurs Oleg Gorokhovskyi and Mykhailo Rogalskyi.[7] The structure was formed through the consolidation of several technology companies that provided the development and operation of the mono ecosystem services.[8][9] In 2020, the monobank mobile application received the international Red Dot Award in the Brands & Communication Design category.[10][8][8]
Between 2024 and 2025, the group completed its asset consolidation after receiving the necessary approvals from the Antimonopoly Committee of Ukraine.[11][12] In October 2025, the Ukraine-Moldova American Enterprise Fund (UMAEF), along with a group of American investors, invested in the holding, which solidified the company's valuation at over $1 billion.[13][14][15]
Structure
Fintech-IT Group includes several specialized divisions:[12][16][17]
- Fintech Band – Developer of the initial version of the monobank application.[18][19]
- ACDC Processing – A technological payment service operator certified under PCI DSS standards.[20][7]
- Shake to Pay / Expirenza – Platforms for digitizing the restaurant business (QR payments, digital menus, reservations).[21][22]
- Kilobyte – Developer of monobank 2.0, which integrates retail and business banking solutions.
- MOSST – A technological payment service operator acquired in 2024 from the Swiss group Compagnie Bancaire Helvétique.[23][24]
References
- ^ a b Hrazhdan, Olena. "Monobank Developer Becomes Ukraine's First Fintech 'Unicorn,' Reaches $1 Billion in Value After US Fund Investment". www.kyivpost.com. Archived from the original on 2025-11-03. Retrieved 2026-02-23.
- ^ Kossov, Igor (2021-03-12). "PrivatBank's top manager transferred businesses to relatives while in custody - Mar. 12, 2021". Kyiv Post. Retrieved 2026-02-23.
- ^ Майя, Ярова (2025-11-27). "Як утворилася і працює Fintech-IT Group - розробник mono з оцінкою $1 млрд+". Scroll.media (in Ukrainian). Retrieved 2026-02-23.
- ^ Kostanic, Ana Marija (2025-10-06). "Ukraine's First Fintech Unicorn: UMAEF Backs monobank Maker at $1B". TheRecursive.com. Retrieved 2026-02-23.
- ^ "UMAEF backs Ukraine's first fintech unicorn | The Paypers". thepaypers.com. Retrieved 2026-02-23.
- ^ "American fund invests in Fintech-IT Group, creator of mono, the company was valued at over $1 billion". Межа. Retrieved 2026-02-23.
- ^ a b "U.S. fund values Ukrainian monobank developer at $1 billion". NV. Retrieved 2026-02-23.
- ^ a b c "Гороховський і Рогальський збільшили частки у Fintech Band – розробнику monobank". Forbes.ua (in Ukrainian). 2025-04-25. Retrieved 2026-02-23.
- ^ Мельник, Таиса (2025-10-06). "«Деньги в этом кейсе не основное». Американские инвесторы оценили финтех-компанию Гороховского в $1 млрд. Forbes узнал детали сделки и возможную сумму инвестиций". Forbes.ua (in Russian). Retrieved 2026-02-23.
- ^ "Red Dot Design Award: Monobank". www.red-dot.org. Retrieved 2026-02-23.
- ^ Chaikovska, Katia (2025-10-08). "Baker McKenzie Advises Fintech-IT Group in Investment Round Led by UMAEF". European Business Association. Retrieved 2026-02-23.
- ^ a b Palchynska, Lisa. "Ukrainian Fintech-IT Group, a developer of popular neobank mono, raises funding from UMAEF at a $1B+ valuation". vestbee.com. Retrieved 2026-02-23.
- ^ "UMAEF invested in Fintech-IT Group at an estimated value of over $1 billion". en.ain.ua. Retrieved 2026-02-23.
- ^ "U.S. Enterprise Fund for Ukraine (UMAEF) Invests in Fintech-IT Group, Powering it to a $1Bn Valuation as Ukraine's First FinTech Unicorn". UMAEF. Retrieved 2026-02-23.
- ^ Кабачинський, Ілля (2025-10-06). "Fintech-IT Group Becomes Ukraine's First Fintech Unicorn After UMAEF Investment". Scroll.media. Retrieved 2026-02-23.
- ^ "Розробник софту для monobank залучив інвестиції та став єдинорогом. 10 головних фактів про цю угоду та її учасників". dev.ua (in Ukrainian). Retrieved 2026-02-23.
- ^ "Перший fintech-єдинорог в Україні: розробника monobank оцінили в $1 млрд" (in Ukrainian). 2025-10-06. Retrieved 2026-02-23.
- ^ Prabhu, Abhinaya (2025-10-07). "Meet Ukraine's first fintech unicorn Monobank valued at $1B with backing from US investors — TFN". Tech Funding News. Retrieved 2026-02-23.
- ^ "A software developer for monobank has attracted investment and become a unicorn. 10 key facts about this deal and its participants". dev.ua. Retrieved 2026-02-23.
- ^ "UMAEF інвестував у Fintech-IT Group за оцінкою понад $1 млрд". ain.ua (in Ukrainian). Retrieved 2026-02-23.
- ^ "Новий сервіс mono. Як працює Expirenza Business і що про вас дізнаються ресторани та кафе". Forbes.ua (in Ukrainian). 2025-11-18. Retrieved 2026-02-23.
- ^ "monobank купив сервіс Expirenza. Навіщо і в яку суму він йому обійшовся". Forbes.ua (in Ukrainian). 2021-09-07. Retrieved 2026-02-23.
- ^ Майя, Ярова (2025-11-27). "How Fintech-IT Group Works — A Mono Developer with a $1B+ Valuation". Scroll.media. Retrieved 2026-02-23.
- ^ "Розробник monobank досяг оцінки понад $1 млрд після угоди з UMAEF". Forbes.ua (in Ukrainian). 2025-10-06. Retrieved 2026-02-23.