French neobank enters Ukraine.

French fintech company Qonto is hiring employees in Ukraine and has announced the opening of a local office for development, however, the company is not launching services yet, reportedain.ua. Qonto is a neobank for entrepreneurs that serves small and medium-sized businesses and freelancers. The service combines banking services, accounting, and cost management. The startup enters the Ukrainian market in partnership with the Ukrainian company WeSoftYou. By 2025, the company plans to increase the number of users to one million and the number of employees from 500 to 2,000. In total, the startup received more than $700M in investment. The valuation of the service has grown to $5B.