Monobank manufacturers ask for help to launch its counterpart

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Fintech band is mainly interested in countries like India, Indonesia, Pakistan, Nigeria or Philippines.

Manufacturers of Monobank seek help with the launch of their counterpart in a new market

Fintech company Fintech Band, which services Ukrainian and foreign banks, is about to launch an analogue of the Monobank project in a new emerging market. This was reported by one of the founders of Monobank and former cabinet minister Dimitri Dubulet.

“We are planning to launch a monobank analog in a new emerging market. To do this, we need to find a bank that operates in this market and is ready to start a joint venture. Countries which are mainly interested in: India, Indonesia, Pakistan, Nigeria, Philippines, Egypt, Vietnam, Saudi Arabia, Singapore. But there may be other emerging markets.

Dubulet also notes that Monobank has become one of the fastest growing and most profitable banks in the world, which actually led to plans to make an analog – the makers are going to repeat their successful experience.

It is worth noting that Monobank became profitable in September 2018 – less than a year after its launch. The founders of Monobank are already building the Coto banking project in the UK. In early March, the issue of bank cards began.

Summary PAYSPACE magazine

Recall that the Ukrainian mobile bank Monobank increased the credit limit to 75 thousand customers for a total of 1.5 billion USD. It was announced by the bank’s co-founder Oleg Gorokhovsky.

“We turn the steering wheel in the direction of skidding and raise the credit limit when they are all lowered. Today we “spill” about the 1.5 billion credit limit for about 75 thousand customers. The co-founder wrote with a recycling forecast of ~ 600 million UAH.

Read: Bank Services: Monobank announced a new service for wealth accumulation.


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