Unex Bank

What Unex Bank does

Unex Bank (АТ «ЮНЕКС БАНК») is a privately held Ukrainian joint-stock commercial bank founded in 2004 and operating under NBU banking license No. 56 issued on October 28, 2011. It is headquartered in Kyiv and reports 100% European capital with a stated 30-year banking heritage, positioning itself as the 'first Ukrainian fintech startup with own banking license.' Its customer base spans three horizontal segments — private individuals, sole proprietors (FOP), and small/medium enterprises/legal entities — supplemented by a non-resident banking offering for foreign companies.

The bank delivers an omnichannel banking platform comprising a full-featured mobile application (iOS/Android), web-based internet banking, a self-service terminal network, and 15+ physical branches across major Ukrainian cities including Kyiv, Kharkiv, Odesa, Dnipro, Lviv, Zaporizhzhia, Mykolaiv, Vinnytsia, Ternopil, Zhytomyr, Lutsk, and Poltava. Technology integrations include Google Pay, Apple Pay, Garmin Pay, SWIFT correspondent banking, and payment-system memberships. Deposits are FGVFO-protected. The bank participates in the NBU-coordinated Power Banking network, with multiple branches equipped with backup generators for blackout resilience.

Revenue is generated through traditional banking mechanics: net interest spread on loans and deposits, fee and commission income (account maintenance, transfers, FX, card transactions), and interchange-funded cashback programs. Retail products include the SMART and CASH credit cards, the CARD debit card, White Cash and Fresh Cash loans, secured lending against real estate and vehicles, and the Unex Maximum deposit (up to 17% annual in UAH). FOP and SMB products include zero-fee business accounts, term loans, overdrafts up to 50% of monthly turnover, leasing, energy-efficiency financing, escrow accounts, banking guarantees, and salary-project services. Go-to-market is product-led: online account opening, instant virtual card issuance, and quick credit decisions are emphasized as core onboarding flows, with branch and partner (insurance, appraisal, notary, credit intermediary) networks handling higher-touch needs.

Name

Unex Bank

Legal name

АТ «ЮНЕКС БАНК»

Website

https://unexbank.ua

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

101–250 employees

Short description

Unex Bank is a privately held Ukrainian commercial bank (NBU license No. 56) serving retail individuals, sole proprietors (FOP), and SMBs across 15+ Ukrainian cities via mobile app, internet banking, and physical branches. It offers cards, deposits, lending, leasing, and FOP banking under a 100% European capital structure.

Ownership category

akta.pro rank

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices17 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income from Lending: Traditional banking revenue from interest charged on credit products including cash loans, credit cards, secured loans (property, vehicles), and business financing
2. Deposit Interest Spread: Revenue from spread between interest paid to depositors and interest earned on loans and investments
3. Fee and Commission Income: Fees for account maintenance, money transfers, currency exchange, payment services, and credit card transactions
4. Cashback and Card Rewards: Revenue generation through interchange fees on card transactions that fund cashback programs for CARD, SMART, and other card products

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Unex Bank is a Ukrainian universal bank providing retail banking for individuals, banking services for individual entrepreneurs (FOPs), and corporate banking for legal entities. Its product suite includes current/checking accounts, payment cards, consumer and business loans, term deposits, money transfers, and remote banking through mobile and internet channels. The bank operates under an NBU license with 100% European capital and a physical branch network across 15+ Ukrainian cities.

Product overview

Unex Bank is a Ukrainian fintech bank offering a comprehensive suite of financial products across retail, small business (FOP), and corporate banking segments. The product portfolio includes: retail products (SMART, CASH, and CARD credit/debit cards with cashback features; White Cash Loan and Fresh Cash quick loans; secured loans against real estate and vehicles; Unex Maximum deposits with up to 17% annual rates; mobile banking app; insurance and self-service terminals); FOP products (business accounts with no maintenance fees, business cards with interest on balance, flexible credit up to 500,000 UAH, secured loans up to 2.5M UAH, business deposits, and FOP leasing); corporate products (term loans, overdrafts up to 50% of monthly turnover, energy efficiency financing, equipment loans, government program 5-7-9% financing, corporate deposits, corporate cards, client-bank internet banking, electronic checks, forward operations, escrow accounts, and banking guarantees). The bank emphasizes digital-first banking with mobile app as core delivery channel, complemented by branch network across Ukraine.

Differentiator

Problem solved

Functional benefit

Brands

• SMART: Credit card with cashback and grace period
• CARD
• Fresh Cash
• Charity
• Unex Максимум (Unex Maximum)
• Білий кредит готівкою (White Cash Loan)
• Відчуй. Ми поруч

Products and services

• Retail current accounts and payment cards Personal current/checking accounts and payment cards for individual retail customers, used for salary receipt, payments, and everyday banking.
• Retail deposits (term deposits) Term deposit accounts for individual customers, allowing them to earn interest on savings for a fixed term.
• Consumer loans Credit products for individual consumers for personal financing needs.
• Money transfers (retail) Domestic and cross-border money transfer services for individual clients.
• FOP banking package (individual entrepreneurs) Banking services for individual entrepreneurs (FOPs), including operating accounts, business cards, and transaction services tailored to FOP needs.
• Corporate banking for legal entities Banking services for SMB and corporate clients (LLCs, JSCs), including operating accounts, business cards, settlements, and business financing.
• Mobile banking application Mobile app that allows retail, FOP, and corporate clients to access accounts, make payments, and conduct banking transactions remotely.
• Internet banking Web-based banking portal for account management, payments, transfers, and corporate banking operations.

Quantifiable outcome

• SMART credit card ranked in TOP-5 best credit cards in Ukraine
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• WE Finance CodecoreStrategic or Co-development Partner · 21 July 2024Unex Bank joined the first wave of WE Finance Code participants in Ukraine - an initiative for women's economic empowerment in finance. This partnership demonstrates the bank's commitment to financial inclusion and modern banking practices.
• Power Banking Network (NBU initiative)coreStrategic or Co-development PartnerUnex Bank joined the Power Banking network - a combined network of Ukrainian bank branches that operate during power outages (blackouts). This ensures banking services continuity for customers during energy crises.
• Insurance Companies PartnersminorChannel Partner/ Reseller/ DistributorList of partner insurance companies for cross-selling insurance products (life, property, auto insurance) through bank branches and digital channels.
• Credit IntermediariesminorChannel Partner/ Reseller/ DistributorCertified credit intermediaries who assist customers with loan applications and products distribution.
• Appraisal Companies and NotariesminorImplementation/ SI/ Consulting PartnerPartner network of appraisal companies and notaries for property-secured loan processing (real estate, vehicles).
• Payment SystemscoreTechnology or IntegrationMember of major payment systems enabling card transactions, contactless payments, and integration with Google Pay, Apple Pay, Garmin Pay digital wallets.
• Deposit Guarantee Fund of Physical Persons (FGVFO)coreOthersUkrainian state deposit insurance system - all Unex Bank deposits are protected by FGVFO guarantees.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• UKRSIBBANK: Ukrainian subsidiary of BNP Paribas Group, providing full retail, SME, and corporate banking services. Comparable to Unex on European ownership, omnichannel distribution, and product breadth.
• A-Bank: Mid-sized Ukrainian commercial bank owned by Datagroup, offering retail deposits, consumer credit, and card products. Comparable scale and product mix to Unex with similar focus on digital acquisition.
• OTP Bank Ukraine: Ukrainian subsidiary of Hungarian OTP Group, with a sizeable retail and SME lending franchise. Direct competitor on consumer loans, deposits, and SME financing, with similar European-capital positioning.
• Monobank: Leading Ukrainian digital-first neobank (operated by Universal Bank) competing directly with Unex on mobile-first retail and FOP banking, card products with cashback, and instant digital onboarding. Closest functional analog to Unex's product-led digital banking strategy.
• Alfa-Bank Ukraine: Ukrainian universal bank offering retail cards, consumer loans, and corporate banking. Competes with Unex on credit card products, cashback programs, and FOP/SME services.
• Raiffeisen Bank Ukraine: Subsidiary of Austrian Raiffeisen Bank International, offering retail and corporate banking across Ukraine. Direct competitor on consumer loans, deposits, and FOP/corporate banking with European-capital pedigree comparable to Unex's 100% European positioning.
• PUMB (First Ukrainian International Bank): Major Ukrainian commercial bank with strong corporate and SME focus plus growing digital retail offering. Directly comparable on FOP and SME business accounts, term loans, and digital banking products.
• Sense Bank: Mid-tier Ukrainian commercial bank (formerly Alfa-Bank Ukraine, reorganized in 2024) competing in retail cards, deposits, and SME lending. Direct competitor on the same customer segments Unex targets.

Broad incumbents

• Oschadbank: State-owned Ukrainian savings bank and one of the largest by branch network. Competes directly with Unex on retail deposits, consumer lending, and SME banking, with the advantage of state backing and significantly larger distribution.
• PrivatBank: Largest commercial bank in Ukraine by retail deposit base and branch network, offering the full banking suite across retail, SME, and corporate. Direct competitor on retail cards, deposits, and consumer loans, but with materially larger scale and broader product breadth.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/UnexBank
• LinkedInlinkedin.com/company/unex-bank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Unex Bank