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Igor Kostyuchenok

SVP of Engineering
Mbanq
Member since
07 Jan
Location
Munich
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Followed by John Sims, Martha Boyle and 5 others you follow

Bio

Igor Kostyuchenok is a visionary fintech leader, startup builder, and public voice in the evolution of digital banking. As a co-founder and technology executive, he has launched and scaled next-gen financial platforms across the U.S. and Europe, including full BaaS implementations and complex multi-tenant systems. With a background that bridges hands-on engineering and strategic leadership, Igor excels at turning ambitious ideas into resilient, compliant, and investor-ready products. A frequent speaker and advisor in the fintech space, he brings clarity, direction, and world-class execution to every venture he touches.

https://www.linkedin.com/in/igorkostyuchenok/

Experience

Co-Founder
Mbanq
Mar 2027 - Present
• Spearheaded the growth of engineering organization from 5 to 100+ employees across multiple continents. • Defined and executed IT strategy in alignment with long-term business objectives, resulting in 50% increase in product delivery speed and 70% reduction in operational overhead. • Played a key role in funding rounds through technical due diligence and product positioning. • Reported directly to CEO and collaborated across C-suite to align technology with product-market fit. • Introduced scalable infrastructure and DevOps practices, improving deployment frequency and system uptime. • Served as company spokesperson at industry events, enhancing Mbanq’s reputation as a fintech innovator.
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Latest opinions

Igor Kostyuchenok

VC Digest: First half of 2025

Time flies and the first half of the year 2025 is almost over. It's time to reflect on the past 6 months and make some predictions about the next two quarters. While the world is slowly sliding into the World War III most investors try to look away and decide to invest in the most hype areas. 1. AI-Native Applications ANI (Artificial Narrow Intell...

28 May 2025 Private Equity Investing in Financial Technology

Igor Kostyuchenok

An Open Letter to Incumbent Banks

Dear European Incumbents, this an open letter to you from a founder of a FinTech startup. You've been watching the Neobanks like Revolut and N26 acquiring customers in your jurisdiction at a relatively high rate but you weren't worried since most of your customers stayed with you. You have the reputation, you're too big to fail and even you will ...

14 May 2025 Banking Strategy, Digital and Transformation

Igor Kostyuchenok

Build an Ecosystem or Disappear

The world of banking is at the verge of big changes that most incumbents are desperately trying to ignore. They see the change coming, they realize that their inactivity will cost them their existense but they are choosing to play dead. It's easier to cut the jobs and walk out with the bonuses then to start acting to still be relevant in 5-10 year...

01 May 2025 Banking Strategy, Digital and Transformation

See all 11 opinions by Igor

Latest comments

Are Banks Losing the Wallet War?

Did banks enter the wallet war? :)

28 May 2025 14:41 Read comment

An Open Letter to Incumbent Banks

How do incumbents care for financial inclusion and stability? Gravity doesn't depend on size but on the mass of the object.

17 May 2025 11:16 Read comment

An Open Letter to Incumbent Banks

@Dian Cecht: last time I checked Revolut was regulated exactly the same as any other incumbent in UK.

16 May 2025 13:11 Read comment

See all 4 comments by Igor

Igor writes about

  • artificial intelligence
  • payments
  • regulation & compliance
  • retail banking
  • cloud
  • financial inclusion
  • cryptocurrency
  • markets
  • predictions

Igor's opinion archive

  • 2025 (11)

Latest groups joined by Igor

  • Open Banking

  • Banking

  • The future of Payments in Europe

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Igor reads

  • IKFT Website
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  • Mbanq
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