Oleg Gorokhovskyi and Mykhailo Rogalskiy have expanded their ownership in Fintech Band, the company behind the monobank project, which was developed in collaboration with Universal Bank. Gorokhovskyi shared the news via Telegram.

• The change in ownership structure occurred as their Cypriot company, Crestline Limited, increased its stake in Fintech Band — from just 0.08% previously — to a level that now gives it control over the Ukrainian company.
• The Antimonopoly Committee of Ukraine (AMCU) has approved the move, granting Crestline Limited control over Fintech Band LLC. The decision has been officially published on the AMCU website.
• In a comment to Ekonomichna Pravda, Gorokhovskyi explained that the changes in the shareholder structure align with the company’s development strategy. He noted that the presence of Cypriot entities like Crestline and Nisets in the ownership structure is intended to simplify management. Both he and Rogalskiy are tax residents of Ukraine and pay taxes there, as confirmed by official registries.

«The company will continue to operate as usual. Our focus remains on growing monobank, expanding the mono ecosystem, and driving innovation in fintech and e-commerce,» Gorokhovskyi added.

• According to YouControl, Gorokhovskyi and Rogalskiy each directly own 31.96% of Fintech Band LLC, with an additional 5.24% held through intermediaries. Other shareholders include Yevhenii Kryvenko and Cypriot-based Nisets Limited (14% each), while Daria Bukreeva holds an 8% stake.
• Interfax-Ukraine reports that Crestline Limited also holds a 2.784% stake in another Dnipro-based company, AC DC Processing LLC, 93.351% of which is owned by Fintech Band. Gorokhovskyi, Rogalskiy, and Kryvenko are also minority shareholders in this company, each holding 1.082%, while Bukreeva owns 0.618%. The ultimate beneficiaries of AC DC Processing are Gorokhovskyi and Rogalskiy, whose combined direct and indirect ownership amounts to 36.13% each.