NovaPay Credit, a subsidiary of the international financial service NovaPay (TM NovaPay) from the Nova group, which is the issuer of NovaPay bonds, increased its net profit by 1.8 times in January-September 2025 compared to the same period last year, to UAH 101.56 million.
According to the company’s report on its website, revenue increased 2.8 times to UAH 488.07 million, gross profit increased 2.2 times to UAH 164.70 million, and operating profit increased 2.3 times to UAH 134.85 million.
It is noted that the company’s current accounts receivable for the first nine months of 2025 increased from UAH 784.77 million to UAH 1 billion 260.75 million, while proceeds from the sale of bonds increased to UAH 659.02 million from UAH 376.89 million for the first nine months of 2024, while the cost of their redemption increased to UAH 446.42 million from UAH 332.52 million.
In September 2025, NovaPay redeemed two-year Series C bonds worth UAH 100 million, which it had placed with institutional investors. The issuer’s portfolio still contains another series of bonds of this type, Series I, worth UAH 90 million.
Proceeds from repo agreements with bonds, which the company offers as an alternative to bank deposits, increased to UAH 971.30 million from UAH 615.922 million, while expenses under such agreements increased to UAH 682.26 million from UAH 505.35 million, and interest expenses increased to UAH 69.22 million from UAH 31.84 million.
As reported, NovaPay issued 12 bond issues with a total nominal value of UAH 1.19 billion during 2023-2025. However, securities of all series, except for three, are used for the REPO program as an alternative to bank deposits, they are available for purchase in the NovaPay mobile application, and interest payments on them are scheduled to be made once upon redemption. Interest on bonds for institutional investors is paid quarterly. They also have an annual offer, and the nominal yield for the first year of circulation is 18% per annum. The “K” series became the third for institutional investors.
NovaPay was founded in 2001 as an international financial service, part of the Nova group (“Nova Poshta”), providing online and offline financial services in Nova Poshta branches. According to the website, the company employs about 13,000 people in more than 3,600 Nova Poshta branches throughout Ukraine. According to the National Bank of Ukraine, the company accounts for about 35% of the total volume of domestic money transfers.
NovaPay was the first non-bank financial institution in Ukraine to receive an extended license from the NBU in 2023, which allowed it to open accounts and issue cards, and was also the first among non-banks to launch its own financial application with a wide range of financial services at the end of last year.
According to the prospectus, NovaPay Credit plans to increase its interest income to UAH 802.1 million this year and to UAH 1 billion 515.1 million next year, and to earn UAH 518.9 million and UAH 1 billion 30.6 million in net profit, respectively.
Last year, the company’s net profit grew to UAH 89.2 million from UAH 40.3 million a year earlier, with revenue growing to UAH 285.6 million from UAH 95.6 million.
The international financial service NovaPay (TM NovaPay) raised the rate on short-term deposits from private investors by 1-2 percentage points (pp) — from 1 to 3 months, and by 0.25-0.5 p.p. for deposits with a term of 4 to 9 months, according to the company’s press release on Thursday.
It is noted that the current rates as of October 23, 2025, are: 1 month — 12%; 2 months — 14%; 3 months — 15.5%; 4 months — 17%; 6 months — 17.5%; and 9 months — 17.75%.
In July, NovaPay offered 10% per annum for 1 month, 12% for 2 months, 14.5% for 3 months, 16.5% for 4 months, and 17.5% for 6 and 9 months.
The company clarified that the rate for annual deposits remained unchanged at 18%.
Since the beginning of March 2025, the National Bank has held the discount rate at 15.5% for five consecutive meetings, and before that, it increased it three times since mid-December 2024. Earlier, it had kept it at 13% for six months, to which it had been reduced from 25% in July 2023 in seven stages.
According to NovaPay CFO Igor Prykhodko, most clients invest in short and medium terms.
As reported, NovaPay launched an alternative to deposits through repo transactions with bonds of its subsidiary NovaPay Credit. They are available for purchase in the NovaPay mobile app. As of July this year, the company reported attracting UAH 1.7 billion through this mechanism.
NovaPay was founded in 2001 as an international financial service, part of the Nova group (“Nova Poshta”), providing online and offline financial services in Nova Poshta branches. According to the website, the company employs about 13,000 people in more than 3,600 Nova Poshta branches throughout Ukraine. According to the National Bank of Ukraine, the company accounts for about 35% of the total volume of domestic money transfers.
NovaPay was the first non-bank financial institution in Ukraine to receive an extended license from the NBU in 2023, which allowed it to open accounts and issue cards, and was also the first among non-banks to launch its own financial application with a wide range of financial services at the end of last year.
According to the bond prospectus, NovaPay Credit plans to increase its interest income to UAH 802.1 million this year and to UAH 1 billion 515.1 million next year, and to receive UAH 518.9 million and UAH 1 billion 30.6 million in net profit, respectively.
Last year, the company’s net profit grew to UAH 89.2 million from UAH 40.3 million a year earlier, with revenue growing to UAH 285.6 million from UAH 95.6 million.
The transaction volume of the international financial service NovaPay (TM NovaPay) in January-September 2025 increased by 25% compared to the same period last year, to UAH 267 billion, while the number of transfers during this period increased by 5%, to 307 million.
“The results for the nine months confirm the correctness of the chosen development vector,” NovaPay CEO Igor Syrovatka is quoted as saying in the company’s press release on Tuesday.
It is noted that in the first nine months of this year, the company transferred more than UAH 1.1 billion in taxes to the state budget, compared to UAH 1 billion in the first nine months of last year.
Last year, based on the results of nine months, NovaPay reported a 29% increase in transaction volume, a 26% increase in the number of transfers, and a 22% increase in taxes.
According to data from YouControl, NovaPay LLC’s revenue in the first half of this year grew by 9.3% to UAH 4 billion 539.75 million, while net profit fell by 42.1% to UAH 966.98 million.
Loan services are also provided by the subsidiary NovaPay Credit, which actively raises money through bond placements. In the first half of this year, NovaPay Credit, according to reports on its website, increased its net profit by 52.2% compared to the first half of last year, to UAH 53.92 million, with revenue growing 2.7 times, to UAH 260.36 million.
The number of customers using the mobile application of the international financial service NovaPay (TM NovaPay), launched at the end of 2023, reached 750,000, the company reported in July 2025, which at the end of last year reported 500,000 customers.
NovaPay was founded in 2001 as an international financial service, part of the Nova group (Nova Poshta), providing online and offline financial services in Nova Poshta branches. According to the website, the company employs about 13,000 people in more than 3,600 Nova Poshta branches throughout Ukraine. According to the National Bank of Ukraine, the company accounts for about 35% of the total volume of domestic money transfers.
NovaPay was the first non-bank financial institution in Ukraine to receive an extended license from the NBU in 2023, which allowed it to open accounts and issue cards, and was also the first non-bank to launch its own financial application with a wide range of financial services at the end of last year.
The Nova group of companies, which includes the express delivery leader Nova Poshta and the financial service NovaPay (TM NovaPay), plans to grow fourfold in five years, according to the group’s co-founder Volodymyr Poperechnyuk.
“We presented our vision for the next five years. We expect to continue expanding globally and plan to grow fourfold during this period,” he wrote on Facebook.
“We have also set ourselves the ambitious goal of becoming one of the top 20 largest postal and logistics companies in the world. Currently, we are only in the top 30,” Poperechnyuk emphasized.
In his opinion, a similar goal could be set for the economy of the entire country, which currently ranks 56th-58th in the world.
“If the goal was to be in the top 20, we would catch up with Poland!” noted the founder of Nova Poshta, adding that he considers such a goal realistic.
He believes that this “does not require ingenious decisions by the authorities, but only that they do not interfere with business,” that they provide economic freedom, in particular through privatization, deregulation, and tax cuts.
As reported, in the first half of 2025, Nova Poshta increased its consolidated net profit by 18.6% compared to the same period last year, to UAH 1.765 billion, and its consolidated net income by 22%, to UAH 29.829 billion.
The volume of parcels and cargo delivered amounted to 238 million (7% more), its network of branches grew by 708 points to 13,985, and the number of parcel terminals increased by more than 4,000 to 28,326.
In less than a month, professional market participants bought three-year series K bonds of the international financial service NovaPay (TM NovaPay) for a total amount of UAH 100 million.
According to the company’s press release on Tuesday, the issuer was NovaPay’s subsidiary, NovaPay Credit LLC, and the bonds were placed on the Perspektyva stock exchange.
Their term of circulation is until August 6, 2028, with an annual offer, interest is paid quarterly, and the nominal rate in the first year of circulation is 18% per annum.
During 2023-2024, NovaPay issued nine series of bonds, and in 2025, it issued the 10th series and has already announced the issuance of the 12th series, “L.” The volume of each series is UAH 100 million, with the exception of one series, which is UAH 90 million.
Securities of all series, except for three, are used for REPO operations as an alternative to bank deposits and are available for purchase in the NovaPay mobile app. Series C and I bonds, as well as series K bonds, were placed among institutional investors for a total amount of UAH 190 million.
NovaPay was founded in 2001 as an international financial service, part of the Nova group (“Nova Poshta”), providing online and offline financial services at Nova Poshta branches. According to the website, the company employs about 13,000 people in more than 3,600 Nova Poshta branches throughout Ukraine. According to the National Bank of Ukraine, the company accounts for about 35% of the total volume of domestic money transfers.
NovaPay was the first non-bank financial institution in Ukraine to receive an extended license from the NBU in 2023, which allowed it to open accounts and issue cards, and was also the first among non-banks to launch its own financial application with a wide range of financial services at the end of last year.
According to the prospectus, NovaPay Credit plans to increase its interest income to UAH 802.1 million this year and to UAH 1 billion 515.1 million next year, and to earn UAH 518.9 million and UAH 1 billion 30.6 million in net profit, respectively.
Last year, the company’s net profit grew to UAH 89.2 million from UAH 40.3 million a year earlier, with revenue growing to UAH 285.6 million from UAH 95.6 million.
NovaPay EU UAB (Lithuania), part of the leading Ukrainian financial service NoivaPay, together with its partner, the Polish payment institution Quicko sp. z o.o., has launched a European version of its financial app for customers in Europe.
“NovaPay EU announces the launch of its own European mobile application, created for Ukrainians and Europeans… From now on, users across the EU can download the NovaPay Mob mobile app and access payment services: open accounts in euros and zlotys, receive cards, make payments and transfers, and withdraw cash from ATMs,” the company said in a statement on Tuesday.
It is noted that the NovaPay app can be used from any EU country, but Poland is one of the most interesting markets, as many Ukrainians currently live there.
The company told the Interfax-Ukraine news agency that NovaPay’s European division is a separate business with its own team and legal entity, but it also operates under the NovaPay brand.
“The company is registered in Lithuania, but shares the same values: reliability, ease, and speed of financial services. Thanks to NovaPay EU’s launch partner, Quicko, a company that provides payment services and is licensed by the KNF, the launch took place as quickly as possible. Obtaining its own license in the EU remains part of NovaPay EU’s long-term plans,” the company said.
It is noted that the application was created primarily for Ukrainians abroad: today, more than 4.2 million Ukrainians are in the EU under temporary protection, of which almost 1 million are in Poland.
According to the release, in Ukraine, the parent company NovaPay, which is part of the NOVA group of companies (Nova Poshta), is one of the market leaders and currently serves about 800,000 customers—in the app, online, and offline. In Ukraine, NovaPay became the first non-bank financial institution to receive a license from the NBU to open accounts, issue cards, and launch its own non-bank payment app.
NovaPay EU UAB was established in 2022 as the European brand of NovaPay, part of the NOVA group. The company does not currently have a license and does not provide financial services in the EU.
Quicko sp. z o.o. was founded in 2009 and is a certified national payment institution regulated by the Polish Financial Supervision Authority (KNF). Quicko is licensed by Mastercard Principal Member to issue cards and offers card issuance solutions through a multifunctional wallet, SDK, and API services for businesses and individuals across the European Economic Area.
