The Ukraine-Moldova American Enterprise Fund (UMAEF) has announced an equity investment in Fintech-IT Group, a Ukrainian developer of digital banking technology.

This transaction values the company at approximately USD 1 billion, marking it as a unicorn and signifying that Fintech-IT Group is the first fintech firm from Ukraine to achieve this status. Founded by local entrepreneurs, Fintech-IT Group serves as the technological backbone for monobank, a Ukraine-based neobank and the second-largest retail bank by customer base, according to official press release data. As of September 2025, the platform supports about 9.9 million users and is recognized among the world’s top fintech and neobank operators for its recent achievements.

UMAEF Expands Fintech Investment Portfolio

UMAEF’s investment marks its first stake in Fintech-IT Group, making it the only external shareholder of the company apart from its founding team. The fund is leading a consortium of American private investors participating in this round.

Representatives from UMAEF stated that their move aligns with the fund’s long-term strategy to support fintech innovation in Ukraine via its u.ventures platform. They noted that Fintech-IT Group’s performance underscores the resilience of Ukraine’s technology sector and reflects a harmonious blend of technical skill and financial acumen.

UMAEF, originally founded by the US Congress in 1994 as a Delaware-based corporation with initial funding of USD 150 million from the US government, has invested about USD 190 million in 143 companies across Ukraine and Moldova, supporting more than 27,000 jobs. The current strategy focuses on encouraging US private investment to support the region’s recovery and fintech development.