German neobank Kontist has been bought by Danish fintech company Ageras Group for an unknown sum. Ageras Group offers financial and accounting software to over one million small and medium-sized firms (SMEs) in Europe and North America.
Kontist, a Berlin-based company founded in 2016, provides bank accounts, payment cards, accounting tools, and tax return computation and filing services through its app. Kontist is intended for independent contractors, microbusiness owners, and freelancers.
All 150 staff members of the company will join Ageras, bringing the fintech’s overall headcount to 350. These members of its personnel are based in Denmark, the Netherlands, Germany, the US, Finland, and Poland. Following the acquisition, Christopher Plantener, the co-founder and CEO of Kontist, will continue to work for the business.
Rico Andersen, the CEO and co-founder of Ageras, calls the acquisition a “critical step” in the company’s expansion and says the company 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.”
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