We started 2024 with great news for our Group. Following three successful investments in Ukrainian companies last year, we are taking another step forward. We are excited to announce that WeExpert, a Polish company with a Ukrainian spirit, has joined us.
This decision is part of our growth and development strategy in the Ukrainian market, which we see as particularly promising given the high level of IT expertise we can boast. Founded in Wrocław in 2022, WeExpert focuses on streamlining the processes related to the legalization of freelance activities, mainly for Ukrainians, and supporting the formal aspects of their work. Over the past five years, we have observed a growing trend of IT freelancers in the EU and Poland, and WeExpert fits perfectly into this dynamic.
What attracted us to WeExpert was primarily their business model, which deeply understands the situation of IT specialists and recognizes their needs. At the same time, it connects these needs with the business sector's demand for easy access to high-quality skills and services from individual IT specialists. The closer we got to know the company, the more it impressed us, thanks to the experienced Ukrainian founders, their flexible startup approach that ensures dynamic growth, and access to interesting data on freelancers and their clients. The company is full of energy, ambitious plans, and openness to new challenges.
Łukasz Czernecki
Vice President of Euvic S.A., President of the Management Board of Euvic Ukraine
WeExpert is not just a company; it’s a community of 50 people who, in just 18 months, have built a network of over 530 freelancers, successfully connecting them with clients worldwide. By the end of 2023, their revenues exceeded 23 million PLN, and their future plans indicate continued growth.
The coming months will be crucial for our operations. We are working on an online platform to streamline our customer service through digital channels. We will also launch a freelancer job exchange, enabling them to take on projects that match their interests and skills. Simultaneously, we will provide businesses with access to a comprehensive database of IT and digital specialists. We believe that our presence in the Euvic Group will significantly strengthen our operations and help us achieve our development plans.
Yurii Hulets
co-founder of WeExpert
Additionally, investment opportunities in the Ukrainian IT market remain a key focus for the Euvic Group. The stable growth of the IT sector in Ukraine, with revenues reaching approximately USD 8 billion annually, is a major factor attracting our attention.
Market analysis and M&A advisory in Ukraine are conducted by MergeWave Capital, which focuses particularly on companies with 50 to 150 employees. For the Euvic Group, the quality of services provided and the developed client acquisition model in international markets are crucial.
We welcome WeExpert with open arms and look forward to working together to achieve our shared goals. Their experience and passion are invaluable assets for the Euvic Group, and we are ready to support their further development and ambitious plans.
Together, we are creating a future of technology that will inspire and transform the world. Welcome, WeExpert, to the Euvic Group!
