90,000 individual entrepreneurs have chosen NovaPay: how one app replaces a bank, accountant, and cashier

Over the past year, the number of individual entrepreneur business accounts at NovaPay has increased 2.5x to nearly 90,000. These figures confirm that entrepreneurs need fast, reliable, and understandable financial tools – without unnecessary bureaucracy, complex services, or wasted time on routine tasks.

‘NovaPay for entrepreneurs is not just an account. We see that entrepreneurs need not only the ability to open an account but also a full-fledged financial ecosystem that works in synergy with their business, not in isolation from it. The 2.5-fold growth in the business account base over the year confirms that when everything works in one place – from cash-on-delivery to regular payments – it is a real value for entrepreneurs. Our task is to ensure that individual entrepreneurs spend their time on business, not on financial routine,’ comments Yana Levada, Director of Business Development at NovaPay.

Business account and financial management. According to NovaPay’s internal statistics, individual entrepreneurs use the app for several key financial transactions every month, primarily for regular payments and income management. The average monthly payment volume for individual entrepreneur accounts reaches about UAH 15 billion.

Among the most popular features for entrepreneurs are IBAN transfers (including budget and treasury transfers), P2P transfers, withdrawals from an individual entrepreneur’s account to a personal account, power-of-attorney management, verification of cash withdrawal limits, and monitoring of fund movements and balances.

Cash-on-delivery with same-day crediting. Over 90% of customers with an open business account actively use this service. Same-day crediting allows you to maintain a consistent cash flow without resorting to loans or frozen funds.

Separation of personal and business profiles. One of the biggest problems for individual entrepreneurs is mixing personal and business finances. NovaPay solves this by clearly separating profiles in the application.

Internet acquiring and payment invoices. With NovaPay, businesses can choose a convenient format for Internet acquiring. In-app invoicing is suitable for small businesses: customers can pay for services via a link or QR code. For companies with their own website, integration of the NovaPay Button or full Checkout is available – the buyer only enters their phone number, and the system automatically populates the payment and delivery details.

CRM integration – when finances work automatically. NovaPay is already integrated with keyCRM, Geneiros app, Chekly, OneBox, SaleseDrive, SITNIKS, FinLime, and Finmap. This allows businesses to automatically receive statements, create payment links, make payments, and minimise manual work.

Time-saving fiscalisation. Thanks to NovaPay’s integrations with partners, including Cashalot, payments and fiscal receipts are generated automatically – without manual data transfer or unnecessary systems. As a result, businesses benefit from a seamless process, fewer routine tasks and errors, and more time to work with customers.

NovaPay is an international financial service from the NOVA (Nova poshta) group of companies. It has been providing convenient financial solutions to individuals and businesses for almost 14 years, operating both online and offline across more than 3,600 branches throughout Ukraine. The NovaPay app is a single financial platform with separate profiles for personal and business needs. Today, the service is used by nearly a million customers, tens of thousands of entrepreneurs, and hundreds of companies nationwide.