Danish fintech Ageras buys German neobank Kontist
Danish fintech Ageras Group, which provides financial and accounting software for more than one million small and medium-sized enterprises (SMEs) in Europe and North America, has acquired German neobank Kontist for an undisclosed sum.
Founded in 2016, Berlin-based Kontist is designed for self-employed microbusiness owners and freelance workers and offers bank accounts, payment cards, accounting features and tax return calculation and filing services through its app.
The firm’s 150 employees will all join up with Ageras, taking the fintech’s total headcount to 350 employees based in Denmark, the Netherlands, Germany, the US, Finland and Poland. Christopher Plantener, Kontist founder and co-CEO, will also continue working for the company following the acquisition.
Ageras co-founder and CEO Rico Andersen says the acquisition is a “critical step” in the company’s growth, adding the firm will “leverage Kontist’s technology to help us accelerate our services to self-employed and microbusiness owners across a dozen other markets in Europe and North America”.
Kontist is the latest in a string of acquisitions made by Ageras in recent years, with the company also picking up Zervant, Billy, Tellow and Danish payroll software provider Salary. The firm raised $34 million in funding earlier this year, taking its total funding to more than $100 million since 2021.