From real need to financial revolution
The iute story began in 2007, when founders Tarmo Sild and Allar Niinepuu visited Moldova and discovered that even a simple application for financing could take up to three days to process, yet people needed faster access to financial solutions. This spark launched an operational revolution: the company quickly entered the market, reducing approval times to just one hour and providing access to finance directly to trading partners and people in small communities through post offices.
The next stage was a radical digital transformation, realized through the launch of the Myiute app. The company quickly realized that the future was not in network expansion, but in technology. Thus, currently more than 90% of iute’s quick contracts in Moldova are concluded exclusively in digital format.
The year 2026 marks a new historical milestone for the group: obtaining a banking license in Ukraine, which is a decisive step towards transforming from a financial company into a full-fledged regional neo-bank. Moldova served as a testing ground, and this successful model is now proudly exported.
For iute Moldova, 18 years is a maturity based on the trust of hundreds of thousands of clients, on the decisions taken and on the ability to develop together with the needs of people. It is the moment when the accumulated experience meets the ambition to build a new chapter in the history of digital transformation of the financial sector.
After nearly two decades of growth, the company looks back with gratitude to the people who put their trust in it and looks to the future with the same commitment to making things easier, more accessible and more useful for everyday life.
Sergiu Sobuleac, CEO of iute Moldova: “18 years is the age of maturity for the brand. During this time, we have realized that trust is gained day by day – thanks to the promises we keep and the ability to be there for people when they need it. We greet this anniversary with gratitude for the journey we’ve made and with a sense of responsibility for what lies ahead.”
Sergiu Sobuleac
18 years of work speak for themselves with concrete results
- more than 600,000 customers served
- more than 500,000 downloads of the Myiute app
- more than 1,000 active trading partners
- more than 90% of contracts signed digitally
- turnover of 527 million lei in 2025, with an annual growth of 13.5%
Tarmo Sild, CEO of iute Group: “What we have created in 18 years is proof that it is possible to develop responsibly, making people the center of every decision. We are proud to have helped hundreds of thousands of people realize their plans while transforming from a credit card company to a full-fledged digital financial ecosystem. And this is just the beginning.”.
For iute Moldova, these 18 years are the confirmation of a path traveled with responsibility and confidence, as well as the beginning of a new stage of development. Keeping the same energy as at the beginning and building on the experience gained over almost two decades, the company continues to invest in solutions that simplify people’s lives and help them turn their plans into reality.
iute Moldova is part of the iute Group, an Estonian fintech company present in four European countries: Moldova, Ukraine, Albania, Macedonia, Macedonia and Bulgaria. iute Moldova, the most operational non-bank credit organization in the Republic of Moldova, is the first microfinance company to offer its clients a network of cardless ATMs, as well as the possibility to insure loans against accidents. iute Moldova’s strategy for reputation and customer support has been and remains focused on the digitalization of all services provided, with the fastest way to obtain a loan on individual terms being the mobile application.
