Home Android News Qonto, the neobank for companies, closes the purchase of Regate, the French fintech

Qonto, the neobank for companies, closes the purchase of Regate, the French fintech

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Qonto, the neobank for companies, closes the purchase of Regate, the French fintech

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The French company absorbs another financial company from its country to continue expanding

Qonto, the neobank for companies, closes the purchase of Regate, the "fintech" french
Steve Anavi (left) and Alexandre Prot (right), founders of Qonto, continue with their company expansion plans

The neobank focused on companies Honestly recently announced Buying Dodgethe French fintech specialized in giving B2B financial support. Without giving details about the amount of the operation, said purchase is focused on the company’s objective of reaching one million customers in 2025. Currently, Qonto It has 450,000 clientsall of them companies and self-employed.

A strategic purchase for Qonto

Qonto has highlighted that this purchase has important strategic value in its future plans, since Regate, a company specialized in offering financial support solutions to companies, will now be part of the Qonto ecosystem, which will be reinforced in this area. In that way, with 120 employees in RegateThis human capital muscle will become part of Qonto.

This is not the first purchase that Qonto has made with the aim of expanding. In fact, In 2022 the purchase of Penta was announcedwhich was fully integrated into the gears of the brand throughout 2023. And, if the intentions of its owners are taken into account, there could be more purchases in the future.

How many workshops in Paris?

Qonto’s headquarters are located in Paris

A neobank focused on business

The neobank sector continues to grow currently. With more and more customers joining modern banking, there are many brands that offer services of all kinds to customers. However, there are not so many that have business services, or that They focus their entire brand on businessas is the case of Qonto.

There are brands like Revolut and N26, which already have a large client portfolio and, among other things, They also offer products and services to companiesbut in the case of Qonto, this brand focuses on offering exclusive support to self-employed workers, SMEs and other companies that are particularly looking for banking services. focused on the needs of a company.

Thus, Qonto has grown steadily in recent years and is managing to maintain an expansionist policy. Now, after the purchase of Regate and the added bonus that it will bring to the brand, we will have to wait to see if they reach their goal of one million customers in 2025.

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