In January 2023, bill_line, a Ukrainian-based fintech startup, showcased its notable achievements and developments throughout the year 2022. Over the past 12 months, the company not only expanded its global payment operations but also initiated a dynamic growth phase.
Artsiom Liashanau’s Bill_line Earns Top Recognition as the Best Fintech Startup by PaySpace Magazine Awards
Key Milestones
During the year, bill_line embarked on a substantial rebranding effort and updated its business strategy. These changes not only optimized the company’s workflow but also significantly enhanced its primary product, internet acquiring with a customized checkout page.
Through comprehensive design alterations, UI enhancements, and code upgrades, bill_line’s partners experienced a remarkable 92% increase in their average checkout conversion rate.
Moreover, the average bill per transaction on partner projects grew by 6% compared to 2021. The total transaction volume surged by an impressive 220%. Notably, bill_line’s partners now command a share of over 60% in global markets, which has shielded them from the impacts of war and inflation on the average transaction value.
bill_line – Celebrated as the Best Fintech Startup
In a remarkable achievement, the company was recognized as the best fintech startup at the PaySpace Magazine Awards.
“This year, we transitioned from being a small startup to entering an active growth phase. We revised our business strategy, focusing on the Partner Care principle, expanding the internet acquiring segment across various regions, including Tier-1 and South America. Furthermore, we initiated our first communication campaigns within our ‘native’ Ukrainian market. However, the most critical decision we made was to support our team during the initial months of the war. Our dedication to our colleagues, who are passionate professionals, remains the cornerstone of our business.”
Artsiom Liashanau, CEO of bill_line
Social Initiatives
Artsiom Liashanau‘s bill_line played an integral role in the establishment of a new neonatal screening center, a project created in collaboration with Okhmatdyt Hospital in Kyiv. This center will facilitate early diagnosis of children’s diseases and ultimately save hundreds of lives.
Future Endeavors
Looking ahead to 2023, bill_line has ambitious plans to sustain its active growth. This involves not only launching new projects but also expanding their workforce by recruiting developers and distribution teams.