Media activity score based on the number of recorded publication changes.
Clients: 10 million Ukrainians, ownership structure: offshore, and founders: wanted or under suspicion
Monobank is a Ukrainian neobank operating through a mobile application without physical branches. It provides banking services based on JSC "Universal Bank": cards, payments, transfers, deposits, lending, and other financial services. Founded in 2017.
Founders with criminal past
Monobank was created by former top managers of PrivatBank after they withdrew over 5.5 billion USD from it. Three of the seven original founders of Fintech Band — Oleksandr Dubilet, Volodymyr Yatsenko, and Lyudmyla Shmalchenko — were suspected by NABU and are wanted or under a preventative detention order.
Offshorization through Cyprus
From October 2024, the ownership structure of Fintech Band included the Cypriot company Crestline Limited, and in February 2025 another Cypriot firm Nisets Limited. Both are registered at the same address in Limassol. Oleksandr Nahorniak (director of Software Developer Fintech Band) is listed as director of Crestline. Yulia Akulenko—simultaneously the official head of Fintech Band in Ukraine—is the director of Nisets Limited.
IMF records risk — Ukraine delays deadline
In the IMF Memorandum published in March 2025, Ukrainian authorities committed to regulate the influence of "critical third parties" like Monobank on banks—specifically the requirement for the business reputation of such persons. The deadline was not met.
License owner — with pro-Russian past
The license owner of Monobank (Universal Bank) is Serhiy Tihipko, an adviser to Zelensky with a pro-Russian background. He was a founder of PrivatBank, Yanukovych's campaign chief in the 2004 elections, and a deputy from the Party of Regions. His company "DniproVahonMash" still has a registered subsidiary in Moscow.
Horokhovskyi Oleh Volodymyrovych
Ukrainian businessman, banker
Yatsenko Volodymyr Anatoliyovych
Ukrainian businessman
Dubilet Oleksandr Valeriyovych
Ukrainian economist, banker
Shmalchenko Lyudmyla Oleksandrivna
Economist
Tihipko Serhiy Leonidovych
Politician
Dubilet Dmytro Oleksandrovych
Ukrainian businessman
Rohalskyi Mykhailo Viktorovych
Ukrainian businessman
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Amid the publication of investigations into the connections of Denys Shtilerman with Ihor Khmelyov, Tymur Mindich, and the infrastructure of ?«Ibox Bank?» and Monobank, a cleanup of information on the internet has begun.
Rozsliduvach
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Amid the publication of investigations into the connections of Denys Shtilerman with Ihor Khmelyov, Tymur Mindich, and the infrastructure of «Ibox Bank» and Monobank, a cleanup of information on the internet has begun.
HAB Media
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Кредитори вирішили ліквідувати кіпрську компанію PrimeCap, яка мала відношення до ПриватБанку. Через цю структуру у 2013-2016 роках дніпровські бізнесмени Ігор Коломойський та Геннадій Боголюбов вивели з ПриватБанку мільярди доларів...
Rozsliduvach
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Кредитори вирішили ліквідувати кіпрську компанію PrimeCap, яка мала відношення до ПриватБанку. Через цю структуру у 2013-2016 роках дніпровські бізнесмени Ігор Коломойський та Геннадій Боголюбов вивели з ПриватБанку мільярди доларів...
HAB Media
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BES press releases frequently cite figures in the billions, yet there is little clarity about how much of that ultimately makes its way into the state budget.
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Billions appear in BES press releases, but there is little mention of what ultimately reaches the state budget. As Ukraine endures its fifth year of full-scale war, every cent matters for national survival. Even as the government increases taxes, encourages the public to buy war bonds, and appeals for international aid, one domestic industry continues to prosper, with revenues running into the tens of billions.
HAB Media
Edited
Billions appear in BES press releases, but there is little mention of what ultimately reaches the state budget. As Ukraine endures its fifth year of full-scale war, every cent matters for national survival. Even as the government increases taxes, encourages the public to buy war bonds, and appeals for international aid, one domestic industry continues to prosper, with revenues running into the tens of billions.
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Fraza
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