Connect with us


Qonto Buys Regate and Aims to Reach One Million Customers in 2025

Qonto, a fintech specializing in financial management for SMEs, acquired Regate, a financial automation platform focusing on company accounting departments. The move aims to accelerate customer acquisition, with Qonto targeting one million customers by 2025. The acquisition follows Qonto’s 2022 purchase of German neobank Penta.




Qonto, the fintech company specialized in financial management for SMEs and the self-employed, has completed its second acquisition. The entity has purchased from the French company Regate, a financial automation platform aimed at the accounting departments of companies. The company does not detail the amount of the operation.

With this acquisition, Qonto incorporates Regate’s 120 employees (in total it will have a staff of 1,500 people) and the company’s 20,000 clients. Thanks to the acquisition, it plans to accelerate its customer acquisition plans , since the fintech has the goal of reaching the magic figure of one million in 2025, which would mean doubling the current number (it has 450,000 business users).

“Acquiring Regate specifically helps us significantly accelerate in the accounting area. With this agreement, we will not only enhance our current solution for SMEs with additional financial tools, but we will also launch a specific product for accounting firms. We have an ambitious goal: to reach the threshold of one million customers by the end of 2025,” Qonto co-founder Alexandre Prot explained.

If you want to read more about the acquisition of Regate by Qonto and find the most important business news of the day, download for free our companion app Born2Invest.

Qonto is active in France, Spain, Germany and Italy

Regate is active in France and Spain and offers a control center to monitor accounting tasks, such as supplier invoices, customer invoices, payments, budgets or treasury management. This offering will soon be integrated into Qonto, which offers digital accounts for businesses , combined with financial tools such as invoicing, accounting and expense management.

“Regate offers a complete set of financial management and accounting solutions designed to meet the needs of SME businesses and a dedicated solution for accounting areas. With the Regate product integrated into the Qonto offering, accountants will benefit from a shared and collaborative interface with their clients, from which they can start generating accounting departments in a matter of seconds,” said Prot.

This is the second purchase made by Qonto

In 2022, the company acquired the German neobank Penta, specialized in business financing for SMEs and the self-employed . In that sense, the CEO of the fintech assures that they will look for new operations to grow inorganically.

“We invest in internal product development, explore strategic alliances and also acquisitions. In July 2022, we acquired Penta and completed its integration at the end of 2023. Looking ahead, mergers and acquisitions will continue to be an inherent part of our growth strategy,” said Alexandre Prot.

Qonto is active in France, Spain, Germany and Italy. Likewise, the company plans to launch new products to expand the portfolio.


(Featured image by Tumisu via Pixabay)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in CincoDias. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us

Valerie Harrison is a mom of two who likes reporting about the world of finance. She learned about the value of investing at a young age upon taking over her family's textile business when she was just a teenager. Valerie's passion for writing can be traced back to working with an editorial team at her corporate job, where she spent significant time working on market analysis and stock market predictions. Her portfolio includes real estate funds, government bonds, and equities in emerging markets such as cannabis, artificial intelligence, and cryptocurrencies.