Monobank is Ukraine's first mobile-only bank founded in 2017 in Kyiv. It offers retail and business banking services through its mobile app, including credit cards, deposits, payments, and international transfers for consumers, and business accounts and merchant pay later options for businesses. Monobank has grown rapidly, now serving over 3.5 million deposit accounts and processing over 1.4 billion transactions worth $24 billion. The founders of Monobank have also launched a fintech product called Koto in the UK that offers credit via a Mastercard debit card.

1. SME Fintech Opportunity in the Developing Countries

2. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - Products Monobank - Growth Koto - UK
Monobank - The Company and Market
Monobank - The Company and Market

3. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - Products Monobank - Growth Koto - UK
Monobank - The Company
Founding 2017 in Kyiv, Ukraine
Business Retail Banking, Business Banking, Pay Later
Investors Monobank is a retail product from Universal Bank JSC
Market Ukraine
Monobank - The Company and Market

4. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - Products Monobank - Growth Koto - UK
Monobank - Market: Ukraine
Monobank - The Company and Market
Population 44.4 million as of 2019
Median Age 41.2
Demography 0-14 years: 16.16%, 15-24 years: 9.28%, 25-54 years: 43.66%, 55-64 years: 13.87%, 65 years and over: 17.03%
GDP Per Capita US$3,659 as of 2019 (Current USD)
Gross Saving Rate 12.06%
Key Policy Rate 7.5%
Currency Ukrainian hryvnia (1 UAH=US$0.036)

5. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - Products Monobank - Growth Koto - UK
Monobank - The Company and Market: Founders
Monobank - The Company and Market
Oleg Gorokhovskyi
Co-founder
PrivatBank
National Metallurgical Academy of
Ukraine
Dmytro Dubilet
Co-founder
PrivatBank, Mastercard, Infosys.
London Business School
Misha Rogalskiy
Co-founder
PrivatBank, Fine Web
Taras Shevchenko National University
of Kyiv

6. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - The Company and Market Monobank - Products Monobank - Growth Koto - UK
Monobank - Products

7. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - The Company and Market Monobank - Growth Koto - UK
Monobank - Products
Products and
Services
For Consumers
Credit
For Businesses
Monobank - Products
Deposits
Business Account
International
Transfers
Payments Pay Later Merchant

8. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - The Company and Market Monobank - Growth Koto - UK
Monobank - Products: For Consumers: Credit: Credit Cards: Black Card
Credit limit of up to 100,000 UAH. Only passport snaps and Tax Reference Number is needed for the application.
Card settings such as card blocking and PIN change from the app.
Monobank - Products

9. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - The Company and Market Monobank - Growth Koto - UK
Monobank - Products: For Consumers: Credit: Credit Cards: Platinum Card
No card number. Dynamic CVV.
Two cards - Mastercard World Elite | VISA Infinite One Plastic | One Virtual
Comes with Premium support, Airport Lounge access, Air Miles Program, and other benefits
Monobank - Products

10. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - The Company and Market Monobank - Growth Koto - UK
Monobank - Products: For Consumers: Credit: Credit Cards: IRON Card
Metal Card - Combination of two premium cards - Visa Infinite and Mastercard World Elite.
Miles on daily expenses and other benefits.
Monobank - Products

11. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - The Company and Market Monobank - Growth Koto - UK
Monobank - Products: For Consumers: Credit: Buy Now Pay Later - Installments
No cost installments.
Monobank - Products

12. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - The Company and Market Monobank - Growth Koto - UK
Monobank - Products: For Consumers: Payments: Debit Cards: White Card
Debit Card.
Two options - Plastic Card and Virtual Card - both free to issue but plastic cards cost 150 UAH for delivery charges.
Deposit through - other bank cards, any VISA or Mastercard, terminals, bank cash desks, etc.
No ATM charges for withdrawal of Salary or sole proprietor payments (up to 50,000 UAH per month). Other funds - 0.5%
Monobank - Products

13. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - The Company and Market Monobank - Growth Koto - UK
Monobank - Products: For Consumers: Payments: Debit Cards: Children’s Card
For under 16 years of age. Comes with parental control.
Up to 20% cashback . Up to 5% interest on the deposit.
Can be linked with Apple Pay and Google Pay.
Monobank - Products

14. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - The Company and Market Monobank - Growth Koto - UK
Monobank - Products: For Consumers: Deposits
Deposit is available in UAH, USD, and Euro.
Deposit interest rate: Up to 10% in UAH and 1.7% in a foreign currency.
Monobank - Products

15. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - The Company and Market Monobank - Growth Koto - UK
Monobank - Products: For Consumers: International Transfers
Monobank provides access to many channels for international money transfers.
Monobank - Products

16. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - The Company and Market Monobank - Growth Koto - UK
Monobank - Products: For Businesses: Business Accounts
Completely online application process.
A separate account for the bookkeepers.
24/7 receipt of foreign payments.
Monobank - Products

17. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - The Company and Market Monobank - Growth Koto - UK
Monobank - Products: For Businesses: Pay Later Merchant
Vendors can sell via Telegram app.
Monobank charges fee from 2.9% to 27.8% based on tenure.
Monobank - Products

18. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - The Company and Market Monobank - Products Monobank - Growth Koto - UK
Monobank - Growth

19. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - The Company and Market Monobank - Products Koto - UK
Monobank - Growth: Growth
Monobank - Growth
Deposit Accounts 3.5 million
Transactions 1.4 billion transactions worth 682 billion UAH (US$24 billion)

20. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - The Company and Market Monobank - Products Monobank - Growth Koto - UK
Koto - UK

21. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
Monobank - The Company and Market Monobank - Products Monobank - Growth
Koto - UK
Koto - UK
The Monobank founders (FIntech Band) started a fintech product named Koto in the UK. Koto is a credit app.
The Koto app provides two credit products on a Mastercard Debit card.
Koto Extra - Credit availability for a fixed daily fee (0.2 pounds) instead of interest. Users can also upload money to use it as an eWallet.
Koto Spread - Installment payment option for a monthly fee (10 pounds).

22. Monobank - First Mobile Only Bank in Ukraine by Sam Ghosh 22nd April 2021
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