German challenger bank for freelancers Kontist raises Series A funding

Berlin-based neobank startup Kontist has raised an undisclosed amount in a Series A funding round led by Haufe Group, with participation from Founders, a Danish venture builder the startup was initially built out of. Together with Haufe Group, Kontist plans to launch a “co­-creation lab to build integrations for different financial products to help small businesses grow together,” the company stated in a press release.

Founded in 2016, Kontist is targeting self-employed customers and small businesses in Germany. Among other features, it simplifies the tax payments for freelancers by setting aside the income tax and VAT each month to make sure the amount to pay doesn’t come as a surprise. The end goal is to make freelancing as simple and straightforward from the accounting perspective as working as a full-time employee.

Leveraging its partnership with Haufe Group, Kontist plans to introduce deep integration with a popular online accounting software suite Lexoffice. The companies will also run a co-creation lab with the objective “to rethink the business workflows of SMBs and streamline them by integrating different services and partners on one platform.”

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