Business news from Ukraine

Business news from Ukraine

“Ukrposhta” Becomes Official Partner of Etsy

JSC “Ukrposhta” has signed an agreement with Etsy, one of the world’s largest marketplaces, thereby becoming its official partner, the company’s CEO, Ihor Smilianskyi, announced on Monday.

“Today we completed what we started during our visit to the U.S.: Ukrposhta has signed an agreement with one of the world’s largest marketplaces—Etsy,” Smiliansky wrote on Telegram.

According to him, following the signing, the national postal operator has become Etsy’s verified partner worldwide on behalf of Ukraine.

It is noted that more than 2 million Ukrainian products are sold on Etsy.

The signed agreement provides for a more convenient shipping process for customers; specifically, from now on, shipping and label data will be automatically added during checkout in both the Ukrposhta account and on Etsy.

Among other things, the agreement enables full IT integration between “Ukrposhta” and Etsy, which ultimately makes it possible to sell to any country in the world simultaneously.

‘Ukrposhta’ also clarified that the national postal operator will handle all customs duty calculations (in the U.S. and the EU).

“Thank you to our partners for their trust! This was no simple agreement, and this is the first time a major logistics company in Ukraine has achieved this status,” emphasized the CEO of “Ukrposhta.”

Etsy is an international marketplace specializing in the sale of handmade items, vintage goods, jewelry, and other products.

The state-owned Ukrposhta’s total profit for January–April amounted to 106.3 million UAH, with EBITDA of 122.9 million UAH. The company’s equity reached 2.3 billion UAH without additional budgetary funding.

In January–March 2026, the company reported a net loss of 204.8 million UAH, which is 1.1 million UAH, or 0.5%, higher than in the same period of 2025, while its revenue grew by 1.1% to 13 billion 118.42 billion UAH.

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Nova Poshta does not plan to become marketplace — Klimov and Poperechnyuk

Nova Poshta, the leader in express delivery in Ukraine and part of the NOVA group, does not plan to become a marketplace, as it has no intention of engaging in the business of its own customers, according to co-owner Vyacheslav Klimov.

“Our main asset is our focus on delivery, so there will never be a marketplace,” Klimov emphasized in the second part of the Fedoriv Vlog episode on YouTube.

According to Nova Poshta co-owner Volodymyr Poperechnyuk, the company plans to develop in the field of logistics and delivery over the next 10 years.

“There are no marketplaces in our 10-year plans at all,” Poperechnyuk clarified.

Separately, Poperechnyuk noted that Nova Poshta has set goals for increasing the use of robots in performing work tasks.

“I think we will start from global practices, such as Amazon, which has millions of robots. I think we will start with thousands,” the co-owner emphasized.

The day before, during the presentation of the book “For Managers” by Artem Borodatyuk, founder of the IT company Fractal, Klimov announced that one of Nova Poshta’s strategic bets for the future is fulfillment services — providing a complete chain from ordering goods to delivering them to the customer.

As reported, Nova Poshta increased its revenue by 21% in 2025 compared to 2024. The number of parcels and cargo delivered in 2025 increased by 7.4% – from 486 million to 522 million, including international deliveries – by 52.6%, from 19 million to 29 million.

The main activity of Nova Poshta is the express delivery of documents, parcels, and palletized large-sized cargo. Its ultimate beneficial owners are Volodymyr Poperechnyuk and Vyacheslav Klimov.

As of early January 2026, the company’s network had more than 50,000 service points, including 15,900 branches and 34,200 post offices.

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Monobank has launched marketplace for selling items

Monobank has launched a new service called Monobazar, which allows customers to sell their own items within the app, according to the bank’s co-founder Oleg Gorokhovsky.

“We are launching a beta version of monoBazar, a simple service within monoMarket where customers can sell their items. The feature is already available, and we are opening testing to everyone,” Gorokhovsky wrote on his Telegram channel on Monday.

According to him, the service has three main advantages: the ability to purchase goods in parts, verification of all sellers through the monobank system, and the creation of a personal showcase that users can share on social networks or send to friends.

The post notes that monoBazar has a number of additional features. In particular, a built-in AI model can automatically generate a detailed description of the product based on a short text provided by the user. An automated trading format has also been implemented: the buyer can offer their price, and the seller makes a decision without the need for correspondence.

According to the co-founder of monobank, the seller receives the funds only after the buyer picks up the parcel from the post office. If the buyer refuses the product, the money is automatically returned to the buyer and the product is returned to the seller.

The service is available in the monobank app in the “Market” section.

The service commission is 0.1% until January 8 during testing, after which it is planned to increase to 1.9%, with the buyer paying the additional cost of delivery.

Gorokhovsky also noted that until January 8, users can sell items for charity: in this case, the amount is transferred to the “Charter” fund, and monobank doubles the contribution.

As reported, the virtual monobank, created by Fintech Band LLC on the basis of Universal Bank, currently ranks second in the market in terms of the number of cards. According to the NBU, as of October 1, 2025, Universal Bank had issued a total of 25.45 million cards, of which almost 9.85 million were used for transactions during the month.

Currently, OLX is the largest player in the Ukrainian market of digital platforms for selling items.

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INTERNATIONAL MARKETPLACE FOR FINDING PRIVATE TUTORS PREPLY PULLS IN $4 MLN, OPENS SECOND OFFICE IN BERLIN

The international marketplace for finding private tutors Preply has pulled in $4 million in the seed round. Lead investor was Point Nine Capital, Berlin-based venture fund, investing in SaaS and marketplaces at early stages. “Investors in Preply’s seed round include Arthur Kosten (ex-CMO at Booking.com, 2003-2012), Polish VC RTAventures, founder & CEO of DocPlanner Mariusz Gralewski, Poland’s Grupa Pracuj EO Przemyslaw Gacek, Diligent Capital Partners (Ukraine) and SMRK (Ukraine),” Preply reported.
“Next year we plan to become the leading marketplace for finding private tutors of foreign languages in the world,” co-founder and CEO of Preply Kirill Bigai said.
Managing Partner of Point Nine Capital Pawel Chudzinski, in turn, said that the fund took this opportunity to enter the fragmented online tutoring market, evaluating the focus on consumer experience and global proof of the concept, and will contribute to the efforts of the Preply team to win leadership on it. The new round of financing will support the long-term development of new products, including the Preply calendar, instant booking options, and the launch of a mobile application.
In addition, the funding allowed Preply to open a second office in Berlin and build up a team of senior professionals working on the product: managers, designers and developers. In the near future the startup plans to search and appoint VP of Marketing.
The company was founded in 2012 by Bigai, Sergey Lukyanov (Head of Product Design) and Dmytro Voloshyn (CTO) with offices in Kyiv and Berlin.

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