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Automatically translated version. May contain inaccuracies compared to the original.
Monobank is usually associated with Oleg Gorovskyi, who regularly communicates with customers and presents new features of the service. However, behind the popular banking app lies several companies and co-owners—who really owns Monobank and how is control distributed over the business.
Who Truly Owns Monobank
The popular mobile banking app is not an independent banking institution, but operates under a license of JSC "UNIVERSAL BANK," which is part of the financial-industrial group " TAS" of Serhiy Tihipko. The Monobank brand itself is jointly owned by the TAS group and the LLC "Fintech Bend," which is fully responsible for development, software, and technical support, as indicated by YouControl data. All financial operations are backed by the official National Bank of Ukraine banking license No. 92 issued by 20 in January 1994, ensuring client funds are safeguarded according to state standards.
Who Controls the Technological Operator "Fintech Bend"
The Antimonopoly Committee of Ukraine (AMCU) granted official approval to the Cyprus-based Crestline Limited to acquire control over LLC "Fintech Bend," which acts as the key service operator of the project, according to the AMCU decision. This company creates the functionality that users interact with daily on their smartphones.
According to analytical data from YouControl, the main owners of shares in LLC "Fintech Bend" are former top managers of PrivatBank—Oleg Gorovskyi and Mykhailo Rohalsky (Rogal’sky). Each directly owns 31,96% of the capital, and also holds an additional 5,24% through intermediary companies. Other co-owners of the project include Yevheniia Kryvenko and the Cyprus-registered Nisets Limited (holding 14%), as well as Dariia Bukreyova with a stake of 8%.
Crestline Limited also controls 2,784% of the shares of another Dnipro-based enterprise—LLC "EASY DSI Processing," in which 93,351% is owned directly by Fintech Bend. Minor participants in this processing center are Gorovskyi, Rohalsky, and Kryvenko (each 1,082%), while Bukreyeva’s share amounts to 0,618%. The main beneficiaries of this structure are Oleg Gorovskyi and Mykhailo Rohalsky, whose indirect control stands at 36,13% for each.
Why the Bank Brand Is Associated with Oleg Gorovskyi
Although behind-the-scenes the business is supported by a whole group of investors, the most prominent figure in the media space is co-founder Oleg Gorovskyi. He regularly engages directly with customers on social media, presents updates such as the rewards bank, children’s cards, or investment tools, and promptly comments on outages and crises. Transparency, quick feedback, and his signature humor have made the entrepreneur the principal ideological leader of the team and a key factor in audience trust.
How the service was built and what it means for fund safety
The monobank story began with an official launch on the Ukrainian market 22 in November 2017 of 12, and as of 2023, the neobank had already attracted over 7,4 million active customers. Since the service does not have its own separate bank structure, all users’ funds are recorded on the balance sheet of Universal Bank under number 226 in the state register of banks.
By the way, Monobank recently launched a new feature that allows children to earn money for completing homework. The feature works as parents set rewards for completed tasks and transfer the reward directly to the child’s cards. In addition to tasks, you can set deadlines. Tasks appear in the child’s app, and after completion you press the "Mission accomplished" button.
Document: PDF proof of the original version of the news item "Не лише Гороховський: хто ще володіє Monobank і контролює його роботу". It records the publication content at the moment of the first scan, the preservation date and the source: Channel 24.
