Introduction
Ukrainian Association of FinTech and Innovation Companies (UAFIC) is a Ukrainian NGO representing fintech companies, innovation firms and ecosystem stakeholders in Ukraine. Founded in June 2018 and based in Kyiv, it supports the development of Ukraine’s financial technology market, strengthens the domestic fintech ecosystem and promotes financial inclusion. The association has 59 members and works across research, advocacy, collaboration and education.
What is UAFIC and who does it represent
UAFIC is the Ukrainian Association of FinTech and Innovation Companies. It represents and connects fintech companies, banks, IT companies, microfinance organisations, startups, innovators, investors, public-sector partners, educational organisations and other stakeholders involved in Ukraine’s financial technology ecosystem.
The association acts as a focal point for Ukrainian fintech development. It supports market research, regulatory dialogue, industry events, startup support, education, international cooperation and ecosystem visibility. It is not a regulator, payment scheme, licensing authority or payment infrastructure operator.
Mission and advocacy focus
UAFIC’s mission is built around four areas: Research, Advocate, Collaborate and Educate. It analyses financial innovation to support market development, advocates for better conditions for fintech growth and financial inclusion, encourages cooperation and knowledge sharing, and supports the development of future fintech talent.
The association advocates for the development and implementation of innovative financial technologies in Ukraine. Its work is especially relevant where Ukrainian or European policy affects fintech growth, payments, digital lending, open finance, financial inclusion, ecommerce, AI, cybersecurity, startup funding, regulatory modernisation and digital financial services.
Policy domains
- Fintech regulation and market development — Advocacy on regulatory and policy conditions affecting Ukrainian fintech companies and innovation firms.
- Digital payments and payment infrastructure — Relevance for PSPs, digital wallets, ecommerce payments, embedded finance, online fundraising and payment technology companies.
- Financial inclusion and SME finance — Projects and cooperation focused on expanding access to digital financial services for consumers, entrepreneurs and small businesses.
- Ecommerce and digital trade — Research and ecosystem work around Ukraine’s digital commerce market, payment flows and online business infrastructure.
- AI, data and financial innovation — Activity around artificial intelligence, fintech analytics, digital products, market research and financial technology adoption.
- Cybersecurity, compliance and trust — Relevance for secure fintech services, fraud prevention, AML, digital identity and consumer trust.
- Education and talent development — Lectures, training, startup support and events designed to build fintech skills and future market capacity.
- International cooperation and recovery support — Cooperation with international organisations, fintech communities and development partners supporting Ukraine’s digital finance ecosystem.
Geographic scope and cross-border reach
UAFIC primarily focuses on Ukraine and the Ukrainian fintech market. It is most relevant to companies operating in Ukraine, entering the Ukrainian market or seeking engagement with Ukrainian fintech firms, banks, regulators, investors, technology providers and ecosystem partners.
The association also has international relevance. UAFIC cooperates with international partners and has participated in programmes involving organisations such as IFC and EBRD. Its public materials also list international representatives in several markets, including the United States, the United Kingdom, Spain, Switzerland and Liechtenstein, and Lithuania. (IFC)
Why UAFIC matters for payments operators
UAFIC matters for PSPs, payment technology companies, ecommerce payment providers, digital wallet firms, embedded finance platforms, online fundraising tools, digital lenders and fintech infrastructure firms operating in or targeting Ukraine. Its work helps payment operators follow local fintech trends, regulatory dialogue, market research, ecosystem partnerships and international support programmes.
For payment firms, UAFIC is especially relevant where payments intersect with ecommerce, embedded finance, SME finance, online fundraising, humanitarian and volunteer finance, digital lending, financial inclusion, AI, cybersecurity and market recovery. Its UAFIN.TECH 2025 materials highlight the role of digital finance in operational support, volunteer and humanitarian initiatives, fast payments, online fundraising and transparent financial mechanisms. (fintechua.org)
The teams most likely to follow UAFIC include founders, senior leadership, partnerships, business development, policy, legal, compliance, product, marketing, investor relations, research and government affairs teams. UAFIC does not provide regulatory authorisation, National Bank of Ukraine approval, payment scheme access, licensing support or formal market-entry approval.
Who runs UAFIC and who are the members
UAFIC operates as an NGO with a board, leadership team, members, partners, projects, research activity, events and international representatives. Its official site identifies Rostyslav Dyuk as Chairman of the Board and lists deputy chairs, consultants and international representatives supporting the association’s work. (fintechua.org)
The association is not a public authority or financial supervisor. It is a private-sector ecosystem organisation supporting fintech development, market research, education, policy dialogue and collaboration in Ukraine.
Members and participant categories
UAFIC’s official site lists 59 association members and breaks down the membership by category: fintech companies account for 66%, IT companies 14%, microfinance organisations 14% and banks 6%. (fintechua.org)
| Category | Typical participants |
|---|---|
| Fintech companies | Digital finance firms, payment startups, lending platforms, embedded finance providers and financial technology companies |
| IT companies | Technology providers, software companies, digital product firms and infrastructure providers supporting fintech |
| Microfinance organisations | MFOs, digital lending companies and alternative finance providers |
| Banks | Banking institutions involved in fintech, digital services, partnerships and innovation |
| Payment and ecommerce companies | PSPs, wallets, online payment providers, payment infrastructure firms and ecommerce payment technology companies |
| Regtech and cybersecurity firms | AML, KYC, fraud prevention, risk, identity, cybersecurity and compliance technology providers |
| Ecosystem partners | Investors, educational organisations, public-sector stakeholders, international partners and innovation-support organisations |
Working groups and community activity
UAFIC activity includes research, industry events, thematic roundtables with regulators, startup support programmes, educational activities, member networking, market mapping, international cooperation and public communication.
Its work may cover fintech regulation, digital payments, ecommerce, digital lending, AI, SME finance, education, investment, financial inclusion, cybersecurity, humanitarian finance and international cooperation. Specific working groups should be verified directly before being listed in a live catalogue.
What does UAFIC publish and who does it influence
Policy and regulatory engagement
UAFIC organises thematic roundtables with regulatory agencies and supports policy dialogue on high-priority fintech issues. It engages with public authorities, regulators, international organisations, banks, fintech firms, investors and ecosystem partners.
Its influence is strongest where Ukraine’s fintech sector needs a collective voice in market development, financial inclusion, digital finance policy, recovery, innovation, education and international cooperation. Relevant public stakeholders may include the National Bank of Ukraine, government bodies, development institutions and international partners.
Research, reports and ecosystem resources
UAFIC publishes research and market resources on Ukraine’s fintech and digital economy. Its public research includes Fintech in Figures 2023, the Map of the Ukrainian e-commerce market, and the Top 50 most influential women in fintech project. (fintechua.org)
For payment operators, relevant topics include Ukrainian fintech market size, ecommerce, payment infrastructure, digital lending, embedded finance, online fundraising, SME finance, startup activity, financial inclusion, AI and digital trade.
Events and convenings
UAFIC organises fintech events, conferences, educational sessions, thematic roundtables, startup support programmes and ecosystem meetings. Its official site says it has organised 12 events with more than 20,000 guests. (fintechua.org)
UAFIC is associated with major Ukrainian fintech events, including UAFIN.TECH and Ukraine Fintech Week. Its newsroom says Ukraine Fintech Week 2026 took place in Kyiv from March 16 to 20 and brought together regulatory dialogue, talent development, payment solutions, digital lending, HR, technology and market-recognition discussions. (fintechua.org)
How to join UAFIC
UAFIC membership is relevant for fintech companies, IT companies, microfinance organisations, banks and innovation-focused organisations connected to Ukraine’s fintech ecosystem.
Who can join
Membership is most relevant for fintech companies, payment providers, ecommerce payment firms, embedded finance companies, digital lenders, IT companies, microfinance organisations, banks, regtech providers, cybersecurity firms and other organisations supporting financial innovation in Ukraine.
The strongest fit is for organisations that want to influence the development of the Ukrainian fintech market, access regulatory dialogue, meet partners and investors, join events, gain visibility and contribute to fintech education or ecosystem growth.
UAFIC membership tiers and fees
UAFIC does not appear to publish a simple universal public membership fee table. Costs, categories, benefits and participation routes may vary by organisation type, member category and level of involvement.
Companies should confirm current membership costs directly with UAFIC before treating membership as a budgeted option.
What members commit to
Members typically participate in ecosystem activity, events, roundtables, research, networking, policy dialogue, startup support, education and public communication depending on their goals and membership category. Participation may involve sharing expertise, presenting ideas, meeting investors, contributing to discussions and supporting the development of Ukraine’s fintech market.
Membership does not provide regulatory authorisation, National Bank of Ukraine approval, payment scheme access, licensing support or formal market-entry approval.
FAQ
Is UAFIC a regulator?
No. UAFIC is not a regulator or supervisory authority. It does not issue licences, supervise financial firms or create binding rules. It is a Ukrainian NGO and fintech ecosystem association that supports market development, regulatory dialogue, research, collaboration, education and financial inclusion.
Who can join UAFIC?
UAFIC membership is relevant for fintech companies, payment providers, ecommerce payment firms, IT companies, microfinance organisations, banks, regtech providers, cybersecurity firms and other organisations connected to Ukraine’s fintech ecosystem. Companies should confirm current eligibility and membership routes directly with UAFIC before applying.
How much does UAFIC membership cost?
UAFIC does not appear to publish a simple universal public membership fee table. Costs, benefits and participation routes may vary by organisation type, member category and involvement level. Companies should confirm current membership pricing directly with UAFIC before treating it as a budgeted option.
How many members does UAFIC have?
UAFIC’s official site lists 59 association members. Its membership mix is described as 66% fintech companies, 14% IT companies, 14% microfinance organisations and 6% banks. Current figures should still be checked directly before publication because membership numbers may change.
Why does UAFIC matter for PSPs?
UAFIC matters for PSPs because payments, ecommerce, embedded finance, online fundraising, SME finance, digital lending, financial inclusion and cybersecurity are important parts of Ukraine’s fintech ecosystem. PSPs may use UAFIC to follow market research, meet partners, engage in policy dialogue and gain local visibility.
What does UAFIC publish?
UAFIC publishes research and ecosystem resources such as Fintech in Figures, the Ukrainian e-commerce market map and projects highlighting influential women in fintech. Its materials help payment firms, investors, banks, regulators and international partners understand Ukraine’s fintech market and digital finance trends.
Does UAFIC operate outside Ukraine?
UAFIC primarily focuses on Ukraine, but it has international relevance through cooperation with development institutions, foreign fintech communities and international representatives. Its work can support Ukrainian fintech firms seeking global visibility and international companies interested in Ukraine’s fintech and digital finance ecosystem.
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