In July or August, monobank plans to launch a separate functionality for entrepreneurs, allowing them to manage business accounts and transactions through the app, including viewing statements, authorizing payments and managing employee access.
Business in mono
Announcement of new functionality
Project co-founder Serhii Tihipko announced the upcoming release of a separate product for entrepreneurs during Forbes conference "Money to win". So far, monobank has focused on serving individuals and FOPs, having 8.4 million retail customers and about 250 thousand FOPs. However, they are now looking to expand their presence in the corporate segment.
Functionality for companies
New functionality for business will be integrated into the monobank application, providing managers companies the ability to view account balances, statements, recent transactions, grant access to employees, sign payments and set limits in just a few clicks. This was reported by the co-founder of the project, Oleg Horohovskyi.
Testing stage and launch
Currently, the project is at the stage of beta testing with the participation of a number of companies whose names have not been disclosed. The launch of the new functionality is planned for the next one and a half to two months. Serhii Tihipko hopes that the new product will help monobank attract even more customers from other market players.
Expectations of entrepreneurs
Owners of small and medium enterprises expressed their wishes regarding banking services. Small companies want to have one application that would combine several accounts of legal entities or sole proprietorships, but at the same time they are worried about the security of financial data. Managers of medium-sized businesses with a high volume of transactions need convenient access to payment management and credit.
Glossary
- Monobank is a Ukrainian mobile bank founded in 2017.
- Serhiy Tihipko is a Ukrainian businessman and politician, co-founder of monobank.
- Oleg Horohovskyi is a Ukrainian entrepreneur and co-founder of monobank.
- Forbes is a world-renowned business magazine.
- FOP - individual entrepreneur.
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Answers to questions
What will be new in monobank?
When can we expect the launch of the new functionality for business?
Which customers does monobank want to attract with the new business functionality?
What are the banking requirements of small and medium-sized business owners?
What other problems remain unsolved for medium-sized businesses in the banking sector?
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Discussion of the topic – Exclusive functionality for business in monobank is coming soon
In July or August, monobank plans to release a separate product aimed at the needs of entrepreneurs and businesses. This was announced by the co-founder of the project, Serhiy Tihipko, at the Forbes "Money for Victory" conference.
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Ярослав
It is interesting how monobank will find a balance between convenience and security for corporate clients. Many entrepreneurs fear that such accessibility can play into the hands of fraudsters. 🤔
Анна
I can already see the benefit of this product for small business owners. Combining all accounts in one application is really convenient. Especially for those who lead several directions. 👍
Євген
It seems to me that for medium-sized companies, it will be more important to configure access rights and limits for employees. It makes no sense for management to monitor every transaction.
Гаррі
A completely logical step for a monobank is to enter the corporate segment. The further, the more small and medium-sized businesses are digitized. And for them convenience is the most important thing. 💻
Джо
What are the business lending plans? This is a very important point for small entrepreneurs who need affordable financing for development. 💰
Боб
Hmm, these new business trends are just another marketing ploy. I don't understand why small companies need a separate application? You will still have to deal with the bank in the traditional way. 🙄
Анна
Why @Bob? I opened a FOP the other day and the entire procedure was completed online through a mobile application. After all, it saves a lot of time and effort compared to trips to the branch. 🕰️
Євген
I remember a story of how one entrepreneur was able to prevent a fraudulent attempt to hack an online account thanks to two-factor authentication in the app. Therefore, the issue of security is very important. 🔐