ZEN.COM Acquires Ukrainian PIN Bank
Hey Digital Banking Fanatic!
Polish FinTech powerhouse Zen.com has acquired PIN Bank, a Ukrainian lender recently nationalized after bankruptcy.
The sale of 100% of the shares of the insolvent bank to the investor, Zen.com, completed the rehabilitation phase and transferred the bank under the control of the new owner.
According to the National Bank of Ukraine, on February 19, 2026, the Board classified PIN Bank as insolvent for failing to meet the requirement to bring the regulatory capital adequacy ratio to a level not lower than its regulatory value.
Zen.com, often referred to as the “Polish Revolut,” now pledges over €20 million to revamp PIN into a tech-forward platform.
Speaking of Revolut. In a statement made yesterday, the UK FinTech confirmed its interest in entering the Ukrainian market.
The Neobank, which is now seeking a $200 billion valuation, officially announced its launch in Ukraine in February 2025 and then, following a statement from the National Bank of Ukraine, warned of the need to close Ukrainian client accounts by February 22, 2026.
Wiktor Stopa, Revolut’s Western and Eastern Europe Head of Growth, did not provide an estimated date for when Revolut would offer its products again to customers within Ukraine.
Zen.com's acquisition and Revolut's interest in Ukraine mark a turning point for Eastern Europe's maturing FinTech scene, and we will keep an eye on it.
Cheers,
INSIGHTS
📰 Top White-Label Digital Banking Software Solutions in 2026. Written by Igor Tomych of DashDevs, the guide explains that white-label digital banking software enables FinTechs and banks to quickly launch branded financial products using pre-built infrastructure. It highlights differences between flexible and rigid platforms and outlines key solutions.
➡️ Only 8 of the top 20 EU 🇪🇺 banks offer live crypto custody or trading services at scale.
NEWS
🇬🇧 ZEN.COM completed the acquisition of First Investment Bank; clients keep their contracts. The deal transfers control to ZEN .COM while keeping client contracts unchanged, with the new owner now responsible for recapitalisation and stabilising operations.
🇺🇦 Revolut remains interested in entering the Ukrainian market. Revolut has reaffirmed its interest in entering the Ukrainian market despite earlier regulatory setbacks, with executive Wiktor Stopa noting that expansion depends on adapting to local regulations and market conditions.
🇬🇧 Revolut aims for a $200 bn valuation in a stock market listing not expected before 2028, according to discussions with investors. Founder Nik Storonsky has emphasised the importance of going public to build trust, with the valuation dependent on continued rapid growth following its recent $75 billion valuation.
🇰🇿 China’s Tencent invests in Kazakhstan FinTech company Kaspi.kz. The move strengthens Kaspi. kz’s ownership base and supports its expansion strategy beyond Kazakhstan, particularly into Turkey, while reinforcing confidence in its super app model.
🇺🇸 Cash App helps families build healthy financial habits together with new, parent-managed accounts for kids. Kids ages 6–12 can now earn up to 3.25% interest on savings, receive money from trusted contacts, and design their own Cash App Visa Card under the oversight of a parent or legal guardian.
Want your message in front of 100.000+ FinTech fanatics, founders, investors, and operators?
Shoot me a message on LinkedIn or send me an e-mail.
