Launched in 2017, monobank is a prominent Ukrainian neobank that operates entirely without physical branches. It is a joint project between Fintech Band and Universal Bank JSC, functioning under the banking license of Universal Bank. The bank's mission is to offer a simple, convenient, and technologically advanced banking experience, which has led to its rapid growth, attracting millions of customers with features like cashback rewards, user-friendly credit products, and seamless P2P transfers.