Monobank, an outgrowth of PrivatBank, “is already worth more than a billion dollars,”

Oleg Gorokhovsky, a co-founder, writes on Telegram. The bank was founded in January 2017 by three former managers of PrivatBank, which had been nationalized one month earlier. The internet-based bank now has 3.5 million accounts, with 1.3 million daily users. A major investor is Sergiy Tigipko, owner of TAS group.