The monobank payment application has crossed the limit of 4 million customers in three years and nine months since its release (November 22, 2017). About achievements reported co-founder of the project Oleg Gorokhovsky in his Telegram-channel.
The last time the monobank team shared statistics was in April 2021, when the customer base exceeded 3.5 million and was used daily by 1.3 million people. Thus, in four months monobank added another 500 thousand new customers.
The growth rate of monobank is not yet expected to slow down: on May 25, 2019, monobank crossed the line of one million customers, and in November 2019, the application was used by more than 1.5 million people. In March 2020, before the launch of the children’s card (as of the beginning of April this year, 90,000 of them were issued), the number of monobank customers exceeded two million, in August there were already 2.5 million, in late November – 3 million, and in early April 2021 year – 3.5 million. Monobank adds about 100,000 new customers every month.
Announcing the achievement of another milestone, the co-founder of the project Oleh Gorokhovsky boasted in his Telegram channel that for more than two years at least 4,000 Ukrainians have joined the monobank every working day and at least 5,000 in two weekends.
Provided that the current growth rate of OschadBank’s lead in terms of customer base is maintained (more than 7 million customers as of January 1, 2021) – only a matter of time, and not so distant. At the end of 2020, the co-founders of monobank targeted 5 million customers in 2021, but given the updated statistics and current growth rates, this seems highly unlikely.
One week ago, Oleg Gorokhovsky said that the market value of monobank was more than one billion dollars and once again denied rumors about the sale of the business. In July, monobank planned to launch integration with the cryptocurrency exchange for simple Bitcoin exchange, but so far this has not happened. The management also promised to launch e-SIM in August and integrate with the US securities trading platform in the fall. There are no updates on the launch dates of these new services yet.
Oleg Gorokhovsky: “monobank already costs more than one billion dollars and is not for sale”
monobank is a card product of Fintech Band and Universal-Bank. The first was founded in January 2017 by former top managers of PrivatBank Oleg Gorokhovsky, Dmytro Dubilet and Mykhailo Rohalsky. The project uses a banking license from Universal Bank, which is part of the TAS group and belongs to Ukrainian businessman Serhiy Tigipko.