Loans for Individual Entrepreneurs from FUIB are now available in Checkbox

First Ukrainian International Bank (FUIB) has begun cooperating with the Ukrainian FinTech company Checkbox in lending to individual entrepreneurs. 

The beta version of the solution is already available to Checkbox users, who can become FUIB clients in just a few clicks and receive loans of up to UAH 1 million.

‘It is important for entrepreneurs today to have a bank nearby that can provide solutions as quickly as possible. That is why, together with our partners, we have made it possible to obtain banking services in the Checkbox account, in particular to apply for a loan and receive a quick decision,’ says Serhii Magdych, Deputy Chairman of the Board of FUIB. - Thanks to this integration, banking services are always nearby, and it is now even easier to obtain credit funds for support and development.’

"The launch of lending in Checkbox is another step towards making it easier for entrepreneurs in Ukraine to develop their businesses. Now, businesses can work not only with sales, fiscalisation, and acquiring in a single interface, but also obtain financing directly in their Checkbox account — quickly, transparently, and without visiting the bank. We are pleased to be implementing this project together with a modern digital partner — FUIB," said Volodymyr Khabarov, Head of Checkbox Banking.

“This partnership between FUIB and Checkbox is innovative in the market. Entrepreneurs receive quick decisions thanks to the fact that the bank and its partner exchange information via API, and FUIB has implemented an automated decision-making system. In just one minute, the limit is approved,‘ says Viktor Kharkovets, Director of the Microcredit Department at FUIB. ’This makes business financing as fast and convenient as possible."

 Loan terms:  

• maximum amount – UAH 1 million. 
• No collateral or surety
• Term: 12-36 months. 
• Monthly commission: 1,6-.2% (depending on the amount), one-time commission: 1-1.5% (depending on the term). 
• Loan repayment in equal monthly instalments. 
• Early repayment without commission.

Checkbox Group is a Ukrainian FinTech group of companies that creates an ecosystem for small and medium-sized businesses. Checkbox is the market leader in fiscalisation in Ukraine and also develops electronic document management services, payment services, and a smart POS system with AI elements. Its clients include both small businesses and national chains.

Checkbox Banking, the part of the group responsible for financial solutions, develops and implements lending for entrepreneurs in partnership with FUIB.