Valeriya Vahorovska, the owner of the Ukrainian payment system Fondy, is reportedly seeking to sell her business as legal issues mount for her husband, Volodymyr Vahorovskyi, who faces extradition from Ukraine. Authorities in the United Kingdom have expressed interest in the case, according to local media.
Volodymyr Vahorovskyi, a former manager of the retail chain Amstor, is under investigation in Ukraine for alleged fraud and connections to terrorist activities linked to the self-proclaimed Donetsk People’s Republic (DPR). The Amstor chain was previously owned by both Ukrainian and international investors before Vahorovskyi reportedly seized control in 2015 and subsequently fled to Europe.
In 2014, Valeriya Vahorovska established Fondy in Kyiv. The brand is owned by the Austrian firm V & A Holding GmbH, with Vahorovska holding a 95% stake. Fondy was represented in Ukraine by a local financial company, which was removed from the National Bank’s register of payment systems in April 2024 due to its operations in temporarily occupied territories.
The Security Service of Ukraine (SBU) has linked Fondy to the payment system “Edyny Koshelek W1,” which operates in Russia and the DPR. Allegations of tax evasion have also been directed at the company.
Following the suspension of its operations in Ukraine, Vahorovska relocated Fondy to Europe, establishing a network of companies across several countries. This includes five firms in the UK: FONDY LTD, FONDY GROUP LTD, Fintech Global Software Ltd, FYNEX.AI LIMITED, and FIX IDEA LTD. Other entities are registered in Austria, Ireland, Estonia, and Cyprus.
Reports indicate that some of these companies have attracted scrutiny from financial regulators. Vahorovska appears to be attempting to divest the troubled asset in the UK, where she may have more favorable conditions than in Ukraine.
Recent financial activities have raised questions about the legitimacy of her operations. On February 16, 2026, V & A Holding GmbH transferred £274,199 to FONDY GROUP LTD, shortly before insolvency proceedings were set to commence. Concerns have been raised regarding the sources of funding, with indications that asset transfers and cash flows may suggest potential money laundering activities.
Valeriya Vahorovska is attempting to sell her payment system Fondy amid legal challenges facing her husband, Volodymyr Vahorovskyi. The case has drawn interest from UK authorities, raising concerns about the legitimacy of the business's financial operations.
Source: KP.ua