UMAEF completed a $1bn investment in Fintech-IT Group.

UMAEF, a private equity firm, completed a $1bn investment in Fintech-IT Group, a Ukrainian IT holding and the technology developer. “With this investment, UMAEF is expanding its existing portfolio of FinTech investments made through u.ventures, investing in a local leader launched and grown by best-in-class Ukrainian founders," Jaroslawa Z. Johnson, UMAEF President and Chief Executive Officer.