Ukrainian Fintech Fintech-IT Group Achieves Unicorn Status with Backing from U.S. Investor

Ukraine’s fintech sector has marked a major milestone as Fintech-IT Group, the technology company powering one of the country’s most popular online banking ecosystems, has reached unicorn status following a strategic investment that pushed its valuation beyond $1 billion.

The funding round was led by the U.S.-registered Ukraine-Moldova American Enterprise Fund (UMAEF), signaling renewed investor confidence in Ukraine’s innovation and resilience despite ongoing wartime challenges.

Fintech-IT Group is best known for developing the ‘mono ecosystem’, the digital platform that underpins Universal Bank, now the second-largest bank in Ukraine — a remarkable ascent achieved in less than eight years since launch.

“We are deeply grateful to UMAEF for their trust and support,” said Oleg Gorokhovskyi and Mykhailo Rogalskyi, co-founders of Fintech-IT Group. “This partnership opens new horizons for technological growth and product innovation that will deliver even greater value to our customers. Most importantly, it sends a powerful signal — even amid a full-scale war, leading U.S. investors remain confident in Ukraine’s economy.”

The investment underscores both the strength of Ukraine’s fintech ecosystem and its growing appeal to international investors seeking to back digital transformation in emerging markets.