Monobank — a Ukrainian internet banking application launched in 2017.
According to one of the founders of monobank, Oleh Horokhovskyi, monobank will work with the European online broker Exante — a full-fledged trade on the world's leading platforms.
Exante is a wealthtech company that provides centralized trading solutions and B2B financial infrastructure that helps create value through technology.
He also noted that deposits and withdrawals of funds would be credited immediately in US dollars. But this requires an e-license, which monobank will issue it immediately while the client views promotions or replenishes the account.
"Your money is in an account with Exante, and we are just making a convenient trading tool on a fairly advanced trading platform," wrote Horokhovsky.
When will there be an application
Monobank has received over 100 thousand applications from clients. One of the project managers has even tested the app and bought Apple stock. Horokhovsky writes that the application is called mono invest, and users will be able to download it in January.
Until April 1, monobank will charge a commission of 0.01% of the transaction amount (purchase or sale). This tariff will be in effect while the team is cleaning up bugs. After the grace period, the percentage will increase to 0.3%. Online quotes — trading sessions are held on weekdays, from 16:30 to 23:00.