Finod LLC, which was engaged in currency exchange and recently lost all its licenses by the decision of the National Bank (NBU), was the largest financial company in Ukraine in terms of revenue – UAH 2 billion 115 million at the end of the first half of 2023.
According to data on the NBU website, in the first quarter the leader was payment system Novapay with UAH 1 billion 666 million in revenue, but its data is missing in the table for the half-year, while the table for the first quarter did not include Finod’s data.
The next three companies, as well as in the first quarter, were formed by microcredit providers Ukr Credit Finance LLC (CreditKasa TM), 1 Safe Agency for Necessary Loans LLC (MyCredit TM) and Investrum (ZeCredit, BananaCredit TM), whose revenue amounted from UAH 1.16 billion to UAH 0.86 billion.
At the same time, “Ukr Credit Finance” increased its revenue in the second quarter compared to the first quarter by almost 1.5 times, strengthening its position, while “1 Safe Credit Agency” by 28%, and FC “Investrum” – by 5%.
“Investrum” of the market leaders has the lowest labor costs – only UAH 10.8 mln, as well as close to zero profit.
Six more companies operating in the microcredit market, as well as the network of payment terminals of FC “Kontraktovy Dom” (TM “Easypay”) follow with rather close indicators of revenue – from UAH 651.6 mln to UAH 516.0 mln.
In particular, we are talking about LLC “Maniveo Fast Financial Assistance” (Moneyveo), which reported the highest salary expenses among competitors, FC “E Groshi Kom”, “Aventus Ukraine” (TM CreditPlus), , LLC “Miloan” – UAH 617.47 million and “Lineura Ukraine” (TM “Credit7”) and “Consumer Center” (TM “ShvidkoGroshi”).
The largest in terms of assets and profit in the first half of the year was state-owned PJSC Ukrfinzhytlo, capitalized at the end of last year at the expense of government bonds – UAH 55.5bn and UAH 3.3bn, respectively.
