Ukrainian fintech company Activitis plans to raise $85 million for its WEAGRO, eDilo, and WEAGROBANK digital financial ecosystem development project, in addition to its own $15 million contribution, and estimates the project’s internal rate of return (IRR) at 48.3%.
According to a correspondent for the “Interfax-Ukraine” news agency, the company presented its project at the event “From Recovery to Competitive Advantage: Why Ukraine’s ICT and Telecommunications Sector Is Attractive for Investment,” organized by BDO Ukraine on the sidelines of the Ukraine Recovery Conference (URC 2026) in Gdańsk last week.
It is noted that the project is already in the implementation phase and is included in the list of projects on the investment portal prepared by the Kyiv School of Economics in cooperation with the Ministry of Economy, Ecology, and Agriculture, with support from UK International Development.
According to the presentation, over the next three years, Activitis plans to provide financing to suppliers and buyers using the B2B Buy Now Pay Later (BNPL) model, attract 3,000 active users of its digital banking service for farmers, issue over 10,000 business cards for micro, small, and medium-sized enterprises, and increase the share of cross-border supply chain financing to 20% of its loan portfolio.
The company identifies approximately 1 million micro, small, and medium-sized enterprises in Ukraine as the project’s target audience.
During the presentation, an Activitis representative expressed the belief that the recovery of the Ukrainian economy will largely depend on the availability of rapid financing for small and medium-sized businesses, which traditionally have limited access to credit resources.
“Ukraine’s true recovery will not begin with ten large deals. It will begin with millions of small ones,” he noted.
According to the company representative, its primary target clients are businesses that face difficulties accessing traditional credit due to a lack of sufficient collateral or the complexity of banking procedures; the company aims to streamline the financing decision-making process as much as possible and conduct it online without paper-based documentation.
As previously reported, the WEAGRO platform was launched in March 2024 as an agricultural financing service for farms with land holdings of 50–750 hectares and suppliers of material and technical resources. It enables farmers to purchase seeds, crop protection products, fertilizers, equipment, and other resources with deferred payment, while suppliers receive payment immediately upon closing the deal.
The eDilo service was launched in March 2024 and is positioned as Ukraine’s first B2B “Buy Now Pay Later” (BNPL) service for small and medium-sized businesses. It allows companies to pay for goods and services in installments, while the supplier receives payment immediately upon conclusion of the agreement. The service works with companies across various industries, including retail, construction, healthcare, HoReCa, and manufacturing.
In October 2025, Activitis and Piraeus Bank announced the creation of WEAGROBANK—a digital banking service for farmers that operates on Piraeus Bank’s banking infrastructure.
Activitis was founded in 2013 and specializes in lending and factoring services. The company reports that its loan portfolio totals $115 million, its equity is $28 million, and more than 5,000 businesses have used its services.
The International Finance Corporation (IFC) is implementing the “Digital Finance Future Ukraine” advisory project in Ukraine with an estimated total budget of $2.83 million, aimed at developing digital financial services and attracting private capital, according to the corporation’s website.
According to the IFC, the project aims to expand access to financing for the general public and small and medium-sized businesses by promoting digital financial services as part of Ukraine’s recovery efforts.
The project involves collaboration with government agencies, financial institutions, fintech companies, as well as participants in the venture capital and private equity markets.
It is noted that the project, approved by the IFC on May 6, 2026, consists of three components.
The first component aims to align Ukrainian legislation and the regulatory environment in the field of digital financial services with European Union standards.
The second component is aimed at modernizing financial infrastructure and attracting private capital to the fintech sector, in particular through the development of open banking, venture capital, and direct investments.
The third component is designed to promote cooperation, innovation, and regional integration of the fintech market, as well as to provide its participants with the tools and knowledge needed to expand digital financial services and broaden access to capital.
The project is expected to be completed by March 31, 2030.
According to data on the IFC website, since the start of the full-scale invasion, the amount of financing provided by the corporation in Ukraine had reached $2.8 billion as of February 2026; in particular, over $1 billion was mobilized from partners and donors.
September 24, 2024, Kyiv – As part of the Access2Finance conference, after the panel discussion “Sources of Financing for Small and Medium-Sized Businesses (SMEs)”, an important event took place – the signing of a memorandum of cooperation between the Ukrainian Association of Fintech and Innovation Companies (UAFIC) and the Entrepreneurship Development Fund.
The memorandum was signed by Rostyslav Dyuk, Chairman of the Board of UAFIC, and Viktor Katrenych, Deputy Chairman of the Board of the Entrepreneurship Development Fund. The purpose of the agreement is to strengthen cooperation between the organizations to support regional economic development and strengthen the position of small and medium-sized enterprises (SMEs) in Ukraine.
The memorandum pays special attention to supporting veteran and women-owned businesses, which is one of the key aspects of social responsibility. The parties also intend to promote the implementation of the principles of sustainable development and ESG (environmental, social and governance criteria), which are important for ensuring sustainable economic growth and increasing the competitiveness of Ukrainian entrepreneurs.
The parties agreed on joint initiatives aimed at increasing SMEs’ access to finance, promoting regional economic activity, and introducing the latest technological solutions for business development.
“The signing of this memorandum is an important step for UAFIC towards expanding opportunities for small and medium-sized enterprises in Ukraine. It is important that as part of our cooperation we will focus on supporting veteran and women-owned businesses, which are the basis for creating a more inclusive and sustainable economy. In addition, the implementation of ESG principles will be a key aspect for increasing the competitiveness of Ukrainian enterprises,” said Rostyslav Dyuk, Chairman of the UAFIC Board.
“For the Fund, the top priority is to support Ukrainian business, especially in such difficult times. In addition, this is exactly the period when it is necessary to involve businesses in the implementation of ESG standards and further develop in this direction for the successful implementation of economic activities. That is why we are pleased to sign a memorandum with UAFIC to jointly support entrepreneurs in our country,” said Viktor Katrenych, Deputy Chairman of the Board of Ford Entrepreneurship Development.
The signing of this memorandum is an important step in strengthening Ukraine’s economy, improving the business climate and supporting entrepreneurship that meets the principles of sustainable development.
The memorandum was signed at the Access2Finance conference, which was supported by the USAID Project Investing for Business Sustainability.
COOPERATION, Entrepreneurship Development Fund, FINTECH, MEMORANDUM
Today, financial technologies are one of the most promising areas of business development. Modern fintech companies provide a wide range of services from securing electronic payments and open banking transactions to the exchange of crypto assets. Since electronic financial services such as, for example, shopping with a credit card or smartphone have long been an integral part of our lives, the fintech sector already hold leading positions in capitalization and development dynamics, even despite adverse market conditions preveiled in 2022.
To characterize a company operating in the fintech market, one can be guided by such criteria as the use of the latest technologies in financial transactions, including payments, electronic payments, insurance, blockchain and cryptocurrency, digital banking, investment and wealth management, as well as lending and personal financing. Currency exchange operations, electronic banking, government digitalization (in the field of taxation) and telecommunications services are also part of financial technologies.
How to determine the development dynamics of a financial company in the technology sector? First of all, you need to take into account the volume of finances spent through digital channels for a certain period. It is also important that such a company has its own application for a smartphone, the amount of download of the application, as well as the number of its active users. An important factor is the number of countries in which the company operates. It takes into account growth dynamics over the past year, as well as examples of innovations in digital payments and the impact of these innovations on consumers and businesses. And, perhaps, the most important thing is the availability and volume of funding from venture capitalists, since investors are a priori market experts and will not invest in a non-viable startup, otherwise they will simply have nothing to invest over time.
So, taking into account the above factors, our portal has compiled a list of the five most dynamically developing fintech companies in 2022.
Fifth place
Chime. One of the fastest growing American fintech companies that specializes in providing customers with free online banking opportunities. The Chime platform allows users to access mobile banking systems through a website and smartphone app. The company makes most of its money from the exchange. Chime, which is relatively new to the market, now has over 9 million users and is worth over $1.6 billion, with over 185,000 Twitter followers.
Fourth place
PayJoy. The main mission of this company is to provide access to credit operations to a billion people in emerging markets around the world. PayJoy’s unique mobile device locking technology allows customers to afford to buy their first smartphone on credit, using the phone itself as collateral, and then provides additional access to loans to overcome financial difficulties and improve wealth. PayJoy services millions of customers in countries such as Mexico, Brazil, India, Kenya and South Africa. The dynamics of development and the amount of investments allow us to say with confidence that the company will achieve its goal of attracting a billion customers in the coming years.
Third place
AMAN Holding. Founded in Egypt in 2015, the fintech company is one of the largest players in this market in the Arab world, with almost half a billion potential customers. The company services more than two million consumers daily through its terminals and smartphone app. AMAN also has a super app that allows doing e-commerce, paying bills and utility bills, making charitable donations and playing games, among other things.
Second place
Volgende Kft. This is a dynamically developing Hungarian company that is actively developing the European financial services market. The company is actively implementing innovative technologies, in particular, in the development of mobile financial applications. The main activity is the development and implementation of investment strategies, primarily in the field of venture capital investments. Volgende Kft successfully works with the world’s largest funds to attract investments, as well as the implementation of large fintech startups at various stages of development. In addition, the company is an active player in the insurance market.
First place
Western Union. One of the most famous companies in the global fintech market continues to firmly hold leadership in many areas and does not lose ground to its younger and more aggressive competitors. Today, this American company helps clients move finance around the world with a set of electronic currency transaction tools. On the Western Union platform, users can initiate transfers online, through a smartphone application or offline anywhere in the world where there is a branch of the company. Western Union maintains the largest network of branches in dozens of countries, which allows customers to quickly transfer money.
FINANCE, FINANCIAL_TECHNOLOGIES, FINTECH, STARTUPS, VOLGENDE_KFT
