Ukrainian Association of FinTech and Innovation Companies

What Ukrainian Association of FinTech and Innovation Companies does

Ukrainian Association of FinTech and Innovation Companies (UAFIC) is a Kyiv-based non-profit industry association founded in 2019 to coordinate the development of Ukraine's fintech ecosystem. Its membership spans what it describes as 86% of the relevant market, composed of 66% fintech companies, 14% IT companies, 14% microfinance organizations, and 6% banks. UAFIC operates three productized lines: (1) a portfolio of annual conferences and the consolidated Ukraine Fintech Week (UAFIN.TECH, Digital Banking Conference, Access2Finance, Fin.Marketing, Ukrainian eCommerce Day, Digital Lending Conference, Pay.Forum, FinMon) reaching 300–1,000+ participants each; (2) annual research publications including the Ukrainian Fintech Catalog, Fintech Trends, Fintech in Numbers, and the Top-50 Most Influential Women in Fintech ranking; and (3) two platform products — DoWithUA, an API-driven B2B marketplace connecting Ukrainian fintech and IT companies with international partners, and FinSkarga, a national consumer financial complaints mediation platform developed under USAID funding.

UAFIC's go-to-market is community-led and event-driven. Revenue is generated through membership fees, paid event tickets (2,000 UAH online / 7,000 UAH offline), and research publications, supplemented by significant grant support from international development institutions including the EU, IFC, USAID, SECO, GGF, EBRD, GIZ, and UK Aid. The organization is staffed by a lean team of 9 employees and led by Chairman of the Board Rostyslav Dyuk. UAFIC holds formal cooperation agreements with the National Bank of Ukraine and the Ministry of Digital Transformation, and is an associate member of the European Digital Finance Association (EDFA), with cross-border partnerships across Swiss, Japanese, Polish, Bulgarian, and Moldovan fintech associations.

Name

Ukrainian Association of FinTech and Innovation Companies

Legal name

Ukrainian Association of FinTech and Innovation Companies (Українська асоціація фінтех та інноваційних компаній)

Website

https://fintechua.org

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

UAFIC is a Kyiv-based non-profit industry association founded in 2019 that coordinates Ukraine's fintech ecosystem, serving 86% of the market across fintech firms, banks, IT companies, and MFOs through conferences, research publications, and the DoWithUA international B2B platform.

Ownership category

akta.pro rank

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Membership Fees: Revenue generated from annual membership fees charged to banks, fintech companies, IT companies, and MFOs that join the association for ecosystem benefits, regulatory access, networking, and PR support.
2. Event Revenue: Conference and event ticket sales including Digital Banking Conference, E-Commerce Day, Fin.Marketing, Access2Finance, and Ukraine Fintech Week. Pricing varies: 2,000 UAH online, 7,000 UAH offline for some events.
3. Research Publications: Sale of analytical research products including the annual Ukrainian Fintech Catalog, Fintech in Numbers studies, and Fintech Trends publications prepared with support from NBU, IFC, SECO, and bank partners.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

The Ukrainian Association of FinTech and Innovation Companies (UAFIC) is a non-profit industry association that represents and develops Ukraine's fintech ecosystem. It offers membership-based services, annual industry research publications, an international B2B matchmaking platform (DoWithUA), market visualization tools, a national financial complaints mediation platform (FinSkarga), and a portfolio of annual fintech conferences and events.

Product overview

The Ukrainian Association of FinTech and Innovation Companies (UAFIC) operates as a nonprofit industry association rather than a traditional product company. Its portfolio consists of: (1) research publications including the annual Ukrainian Fintech Catalog, Fintech in Numbers, Fintech Trends, and the Top-50 Most Influential Women in Fintech ranking; (2) the DoWithUA B2B marketplace platform connecting Ukrainian fintech/IT companies with international partners; (3) market visualization tools including HR-Tech and E-commerce market maps; (4) the FinSkarga consumer complaints mediation platform; (5) educational resources including a Fintech Dictionary; and (6) a comprehensive annual events portfolio including Ukraine Fintech Week, UAFIN.TECH, Digital Banking Conference, Access2Finance, Fin.Marketing, Ukrainian eCommerce Day, Digital Lending Conference, Pay.Forum, and FinMon round tables.

Differentiator

Problem solved

Functional benefit

Brands

• DoWithUA: International B2B platform connecting Ukrainian fintech and IT companies with international partners, investors, and clients from the US, Europe, and other countries. Supported by EU, UK Aid, Swiss Confederation, and IFC.
• FinSkarga
• Top 50 Most Influential Women in Fintech
• Ukrainian Fintech Catalog
• UAFIN.TECH

Products and services

• DoWithUA Platform International B2B API-driven platform connecting verified Ukrainian fintech and IT companies with international partners, investors, and clients from US, Europe, and other countries. Built to enable partnerships and customer acquisition abroad.
• FinSkarga Platform National financial complaints mediation platform allowing Ukrainian citizens to submit complaints about financial service violations against banks and MFOs, developed under the USAID Financial Sector Transformation Project.
• Ukrainian Fintech Catalog Annual analytical document covering diverse areas of financial technology in Ukraine, including payment solutions, neobanking, regtech, insuretech, big data, digital platforms, services for SMEs, retail, and corporate sectors.
• Fintech Trends 2025 Analytical research covering main trends, tendencies, and prospects of the fintech sector in Ukraine and globally for 2025, with deep analysis of AI/machine learning, blockchain, and WealthTech innovations.
• Fintech in Numbers 2023 Annual research publication comprehensively reflecting current trends and achievements of the Ukrainian fintech sector with key analytics and relevant market indicators.
• Top-50 Most Influential Women in Fintech Annual publication recognizing the achievements of Ukrainian fintech women leaders, promoting the development of a more diverse and innovative financial environment.
• HR-Tech Market Map

Quantifiable outcome

• 150+ fintech companies responded to 2026 market research survey
• +2 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

22 partnerships are on record, tiered core, major, moderate and minor.

• National Bank of Ukraine (NBU)coreStrategic or Co-development Partner · 1 April 2026Key regulatory partner supporting the annual Ukrainian Fintech Catalog research. NBU provides market data and regulatory framework information for the comprehensive industry analysis covering payment solutions, neobanking, regtech, insuretech, big data, digital platforms, SME services, retail and corporate sectors.
• IFC (International Finance Corporation)coreStrategic or Co-development Partner · 1 April 2026Strategic partner for Fintech Catalog 2026 research. IFC provides international expertise and co-funds association initiatives. IFC and UAFIC collaborate on digital finance development in Ukraine. Active participant in DoWithUA platform implementation.
• Sense BankmajorStrategic or Co-development Partner · 1 April 2026Bank partner for Fintech Catalog 2026 research. Major sponsor for multiple association events including Ukraine Fintech Week, E-Commerce Day, and Digital Lending Conference.
• VisamajorStrategic or Co-development Partner · 1 April 2026General partner for Fintech Trends 2025 research. Strategic partner for Digital Banking Conference 2025 and Ukraine Fintech Week 2026. Provides expertise on payment innovations and digital banking trends.
• EDFA (European Digital Finance Association)majorStrategic or Co-development Partner · 1 March 2022March 2022. UAFIC became associate member of this pan-European digital finance initiative representing digital finance community across Europe.
• Ministry of Digital Transformation of UkrainecoreStrategic or Co-development Partner · 1 September 2020Signed September 2020. UAFIC supports digital transformation strategy including remote identification tools, financial literacy, e-commerce development, and online dispute resolution. Memorandum formalizes cooperation framework.
• Ukrainian Open Banking API HubmajorStrategic or Co-development Partner · 1 September 2020September 2021. UAFIC joined leading financial sector associations in Open Banking API Hub platform. Promotes PSD2 and Open Banking standards implementation in Ukraine.
• NovaPaymajorStrategic or Co-development PartnerSupported Fintech in Numbers 2023 research. Major conference partner and sponsor for Access2Finance and other association events. Provides payment and fintech expertise.
• Swiss Fintech AssociationmoderateStrategic or Co-development PartnerInternational partnership for cross-border fintech collaboration and knowledge exchange between Swiss and Ukrainian fintech ecosystems.
• Fintech JapanmoderateStrategic or Co-development PartnerInternational partnership for fintech knowledge sharing and ecosystem development between Japan and Ukraine.
• Fintech BulgariamoderateStrategic or Co-development PartnerRegional partnership for Eastern European fintech collaboration and cross-border market development.
• European Digital Finance.eumoderateStrategic or Co-development PartnerPartnership with European digital finance association for regulatory alignment and best practice sharing.
• Fintech MoldovamoderateStrategic or Co-development PartnerRegional partnership for fintech collaboration between Ukraine and Moldova. UAFIC participated in Fintech Moldova Conference 2025.
• Fintech PolandmoderateStrategic or Co-development PartnerCentral European fintech partnership for regional ecosystem development. Media partner for Ukraine Fintech Week 2026.
• UNCHAIN Fintech FestivalmoderateStrategic or Co-development PartnerCommunity partner. UAFIC team attended UNCHAIN Fintech Festival in Romania June 2025, connecting with fintech leaders from Central-Eastern Europe and Balkans.
• Toloka Angel SyndicatemoderateStrategic or Co-development PartnerJuly 2020 partnership with angel syndicate focused on venture investment support for Ukrainian fintech startups.
• American Chamber of Commerce UkrainemoderateStrategic or Co-development PartnerCommunity partner for Access2Finance 2025, Digital Banking Conference 2025, and Ukraine Fintech Week. Supports international business connections.
• Ukrainian Swiss Business AssociationmoderateStrategic or Co-development PartnerStrategic partner supporting business connections between Ukraine and Switzerland. Co-funds DoWithUA platform.
• Fintech GalaxyminorStrategic or Co-development PartnerSeptember 2020 partnership for fintech ecosystem collaboration and cross-regional knowledge sharing.
• Association of Financial Institutions (AFI)moderateStrategic or Co-development PartnerOctober 2020 partnership for consumer rights protection in financial services sector.
• KSE (Kyiv School of Economics)minorStrategic or Co-development PartnerAcademic partnership for fintech research and education development.
• IT KharkivminorStrategic or Co-development PartnerRegional tech community partnership for Kharkiv IT ecosystem. Super infopartner for Top 50 Women and Ukraine Fintech Week 2026.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• European Digital Finance Association (EDFA): Pan-European digital finance association of which UAFIC became an associate member in March 2022. EDFA operates at a regional rather than national level but performs the same industry-association function — regulatory dialogue, events, and member advocacy — across Europe.
• Finance Innovation (Norway): Norwegian financial technology cluster and industry association explicitly partnered with UAFIC. Both cluster-style fintech hubs run member programs, events, and innovation initiatives for their domestic fintech ecosystems.
• Swiss Fintech Association: National fintech industry association explicitly partnered with UAFIC (listed on UAFIC's partner page and website). Both organizations perform the same core role — convening fintech companies, banks, and regulators in their respective domestic markets — making them the closest structural peer.
• Fintech Japan: Japan's national fintech association, formally partnered with UAFIC and listed on its partner page. Performs an identical role — convening fintech firms, banks, and regulators — but in the Japanese market.
• Fintech Bulgaria: Regional fintech industry association explicitly partnered with UAFIC. Both are small national associations in Central/Eastern Europe pursuing the same member-driven, events-and-policy model in adjacent markets.

Broad incumbents

• American Fintech Council: US fintech industry trade association representing a broad cross-section of fintechs, banks, and lenders. Operates the same model of policy advocacy, member services, and industry research but serves a much larger market with significantly more resources than UAFIC.
• Innovate Finance: UK-based independent industry body for the global fintech community, with significantly larger membership, headcount, and international reach than UAFIC. Operates the same model (memberships, events, policy advocacy) but at broader scale across multiple fintech segments.

Others

• Findexable: Global fintech indexing and research firm explicitly partnered with UAFIC. Operates adjacent to UAFIC's research function (Fintech Catalog, Fintech Trends) by producing cross-country fintech rankings, but is a private research/data company rather than a member-driven association.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/uafic

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Ukrainian Association of FinTech and Innovation Companies