Key Takeaways
- Ukrainian tech founders with US revenue qualify — no green card required
- Revenue-based funding for SaaS, IT services, and software companies
- Funding up to $5M based on ARR, MRR, or services revenue
- 48-hour decisions — faster than VC term sheets
- No equity dilution — keep full ownership of your startup
Ukraine was one of Europe's premier software development hubs before the 2022 invasion — home to over 200,000 IT professionals, hundreds of product companies, and a thriving startup ecosystem anchored in Kyiv, Lviv, and Kharkiv. Ukrainian parolees who built or worked in that ecosystem are now building US tech companies. They write production-quality code, understand SaaS unit economics, and know how to acquire customers. What they need is non-dilutive capital to grow.
Why Ukrainian Tech Parolees Are Uniquely Positioned
Ukrainian developers are among the most sought-after globally, commanding premium rates from US clients. Many parolee-founders quickly secured US clients through existing networks — Ukrainian IT associations, Upwork reputations, or prior work with US companies. They're generating $30,000-$300,000/month in US services revenue within 12-18 months of arrival. Bankable treats this revenue as the bankability signal it is.
Tech Funding Products for Parolee Founders
- SaaS Revenue-Based Financing: Advance against your MRR/ARR at non-dilutive terms. Repay as a percentage of monthly subscription revenue.
- IT Services Working Capital: Bridge client payment cycles. Fund developer salaries while waiting for net-30/60 client payments.
- Product Development Capital: Fund engineering sprints, cloud infrastructure, and MVP development ahead of revenue.
- Sales & Marketing: Hire SDRs, fund PPC campaigns, attend US industry conferences — capital for the revenue acceleration phase.
- Team Expansion: Hire engineers, designers, and sales staff to capture more US market share.
SaaS Metrics We Use for Underwriting
| Metric | What We Look For |
|---|---|
| MRR | $15,000+ recurring monthly revenue preferred |
| Churn Rate | Below 5% monthly for software; below 10% for services |
| Client Concentration | No single client over 40% of revenue preferred |
| Revenue Growth | Month-over-month growth strengthens applications significantly |
| Contract Length | Annual contracts improve terms vs. month-to-month |
Revenue-Based Funding vs. VC for Parolee Founders
VC and angel funding require investor-friendly visa statuses — most VCs are uncomfortable with parole's uncertainty. Bankable's revenue-based funding gives Ukrainian founders non-dilutive capital without equity sacrifice, board seats, or investor control. You repay from revenue, keep 100% ownership, and grow on your terms. When your visa status eventually converts to permanent residency, you'll have a track record that makes traditional financing straightforward.
SaaS Funding
Advance against your MRR without diluting equity. Repay from subscription revenue.
Get Assessed →Frequently Asked Questions
Yes. Bankable funds Ukrainian-owned software companies, SaaS businesses, and IT services firms operated by U4U parolees. We underwrite based on your US revenue — MRR, ARR, or monthly services billings — not your visa status.
No. We require $15,000+ in monthly US revenue and 6+ months of operating history. For pre-revenue startups, we recommend exploring SBIR grants, Ukrainian-American accelerators, or angel networks while building toward Bankable-eligible revenue.
For most parolee founders, yes. VC requires investor confidence in your long-term US presence — which parole uncertainty complicates. Revenue-based funding is non-dilutive, doesn't require visa stability, and can be deployed within 48 hours based on your existing revenue.
Bank statements (3 months), Stripe/PayPal/processor statements, contracts with US clients, and your most recent profit & loss statement. For SaaS, we also review your subscription platform dashboard (Recurly, Chargebee, Stripe Billing).
Yes. Payroll expansion is one of the most common uses of tech startup funding. Bankable's working capital line can fund engineer and sales salaries while you build revenue scale.
Bankable structures funding terms to your authorization period and we work with parolees on renewals. Most Ukrainian parolees renew successfully. Additionally, as parole-to-permanent residency pathways develop, your Bankable relationship supports continuity. See our guide on parole expiry and funding.
Yes. You need a US LLC or C-Corp with a US EIN and business bank account. Many Ukrainian founders form Delaware C-Corps for future investor compatibility or Florida LLCs for simplicity. We accept both.
Companies doing $50K/month typically qualify for $100K-$300K. Companies at $200K+/month can access $500K-$2M. Maximum is $5M for qualified borrowers with strong revenue and credit profiles.