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Dmytro Dubilet
Co-founder at Fintech Farm, monobank
Professional Background
Dmytro Dubilet is a pioneering figure in the realm of fintech, particularly renowned for co-founding Monobank in 2017, which has revolutionized banking in Ukraine by being the country's first mobile-only banking platform. Under his remarkable leadership, Monobank experienced an astounding growth trajectory, reaching approximately 450,000 customers within just ten months of its launch. A staggering 80% of the customer base was acquired purely through word of mouth, underscoring the exceptional value and service that the bank offers. Monobank distinguishes itself through a virtual business model that allows it to provide banking services at significantly lower costs or even for free, coupled with an engaging and user-friendly mobile application that has garnered widespread popularity among users.
Dmytro’s career is not only about transformational banking but also extends into the public service domain. He heads a non-profit organization, iGov, which plays a critical role in modernizing Ukraine’s governance through the implementation of electronic services. This initiative aims to combat inefficiency and corruption within the governmental framework, showcasing his dedication to social impact and innovation.
Before his groundbreaking work with Monobank, Dmytro honed his expertise in the banking sector as the Chief Information Officer (CIO) and Chief Technology Officer (CTO) at PrivatBank, one of the largest banks in Eastern Europe. His foundational experiences in financial technology and management prepared him for the challenges of launching a cutting-edge banking platform.
Education and Achievements
Dmytro attended the prestigious London Business School, where he earned a Master’s in Business Administration (MBA). This education provided him with a solid foundation in business management and strategy, essential components in his endeavors within the banking and fintech sectors. Prior to his MBA, he studied International Information and Public Relations at the Kyiv Institute of Internal Affairs, further enriching his understanding of communications and information systems.
Dmytro's innovative spirit and impact on the technology and banking landscape in Ukraine have garnered considerable recognition. He has established a significant online presence as one of Ukraine's top bloggers, captivating more than 150,000 regular followers with insights into technology, finance, and entrepreneurship. His influence in the fintech sector has not gone unnoticed, as he was included in the “New Europe 100 list” by the Financial Times and Google, highlighting key individuals driving change in Eastern Europe.
In addition to this honor, Dmytro was also listed in Forbes Ukraine’s “30 under 30” in 2016, affirming his status as a young innovator and technology specialist. His drive and passion are often cited as inspirations for many aspiring entrepreneurs in the region.
One uniquely humorous aspect of his journey to success is Dmytro’s mention of his cat as a catalyst for his achievements, conveying a light-hearted perspective on the serious business of innovation.
Volunteering and Contributions
Dmytro's impact extends beyond the corporate world, as he actively engages in initiatives aimed at enhancing public services in Ukraine. His leadership role at iGov is a testament to his commitment to leveraging technology for the public good. Through iGov, Dmytro has championed the creation of user-centric e-services that aim to modernize governmental interactions and improve the quality of services provided to citizens. This work not only emphasizes his expertise as a thought leader in technology but also as a dedicated advocate for transparency and efficiency in public service.
Notable Projects and Collaborations
In addition to founding Monobank and iGov, Dmytro has collaborated on other significant projects within the fintech ecosystem. As the Co-Founder of Fintech Farm, he works to bolster the fintech sector in Ukraine, fostering innovation and entrepreneurship within this rapidly evolving industry. Previously, he co-founded Finmap.online, a platform aimed at enhancing financial planning and accounting for small and medium-sized enterprises.
Dmytro's experience also includes a powerful background at MasterCard, where he contributed as a Project Manager. His early career included a valuable internship at Infosys and entrepreneurial ventures like Fine Web, showcasing his well-rounded experience in both corporate and startup environments.
Outlook and the Future
Dmytro Dubilet’s journey is a remarkable blend of entrepreneurship, technology, and social impact. His work has set a high standard for banking in Ukraine and has established a blueprint for future fintech innovators. As he continues to push boundaries and explore new avenues for growth and transformation in both the banking sector and public services, Dmytro remains a central figure in driving Ukraine toward a more efficient, transparent, and tech-savvy future.
In the face of ongoing changes within the financial industry, particularly with the rise of digital banking and services, Dmytro’s vision and entrepreneurial spirit will likely play a vital role in shaping the landscape for years to come. With a keen focus on customer experience and community impact, he is well-positioned to lead initiatives that not only benefit consumers but also contribute to the larger societal good.
Dmytro exemplifies how technology and innovation can work hand-in-hand with the desire for meaningful change, and his future endeavors are sure to inspire those around him, whether they be budding entrepreneurs, technology enthusiasts, or those passionate about public service.
Achievements
- Co-Founded Monobank, Ukraine’s first mobile-only bank
- Grew customer base to 450,000 in 10 months
- Head of iGov, promoting e-services in Ukraine
- Former CIO/CTO at PrivatBank, a leading Eastern European bank
- Recognized in Financial Times and Google’s “New Europe 100 list”
- Listed in Forbes Ukraine’s “30 under 30” as a young innovator
- Over 150,000 followers as a leading tech blogger
