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§ Private Profile · Paris, France
Regate is a company.
Regate has raised $27.3M across 2 funding rounds.
Key people at Regate.
Regate has raised $27.3M in total across 2 funding rounds.
Regate delivers an all-in-one SaaS platform automating business financial and accounting management. Its core product streamlines pre-accounting operations, centralizing invoicing, expense reports, and payments. Integrating with existing accounting systems, the platform provides a unified solution, enhancing financial control and operational efficiency through automated administrative tasks.
Founded in 2019 by Alexis Renard and Laura Pallier, Regate arose from recognizing finance teams and SMEs wasted time on manual administrative tasks. Their insight was the need for a dedicated tool for process automation. Renard and Pallier sought to free professionals from transactional duties, enabling strategic financial analysis instead.
Regate serves small and medium-sized businesses and accounting firms, targeting finance teams for operational optimization. The company's vision is to be the essential financial cockpit for these professionals, advancing automation capabilities. Offering transparency and financial control, Regate empowers users to improve strategic planning and foster growth agility.
Key people at Regate.
Regate is a Paris-based fintech startup founded in 2020 that provides an all-in-one platform for automating financial and accounting management, targeting SMEs and accounting firms.[1][4] It integrates with established accounting software like Sage, Cegid, and MyUnisoft to centralize invoicing, payments, expense tracking, and bank reconciliation on a single collaborative interface, addressing the fragmentation of tools in finance workflows.[1][4] By 2024, Regate served 10,000 SMEs and 500 accounting firms, with revenue growing 3x in 2023, fueled by France's mandatory e-invoicing regulations starting in 2024 that require certified platforms for tax-compliant invoice handling.[1][3][4]
The platform solves pain points for businesses and accountants by automating manual tasks, enabling focus on core operations amid rising regulatory demands across Europe.[1][4] Regate raised €7 million in seed funding in 2021 and €20 million in Series A in 2022 from Valar Ventures, 360 Capital, and La Financière St-James, using proceeds for product development and expansion into Germany and Spain.[1][5] In March 2024, it was acquired by French fintech unicorn Qonto to merge into a unified "cockpit" for business banking and accounting.[4]
Regate was co-founded in 2020 by Laura Pallier and Alexis Renard in Paris, emerging from their recognition of fragmented financial tools burdening SMEs and accountants.[1][4] Pallier, emphasizing collaboration over replacement, partnered early with accounting giants like Sage (which distributes Regate to its clients), Cegid, and MyUnisoft to interface seamlessly rather than compete.[1] The idea gained traction amid France's impending e-invoicing mandate, positioning Regate to automate compliance-heavy processes like invoice routing to tax authorities.[1]
Early momentum built quickly: a €7 million seed round in May 2021 supported initial growth, followed by €20 million Series A in September 2022 to scale product and enter new markets.[1][5] By acquisition in 2024, Regate had onboarded 10,000 SME clients and 500 firms, with Pallier noting the strategic fit with Qonto's ecosystem of 6,000 accounting customers.[3][4]
(Note: A separate Greece-based Regate SA, focused on enterprise mobility since 2004, is unrelated to this fintech.[2])
Regate rides the wave of European fintech consolidation and mandatory digitization, particularly France's 2024 e-invoicing law that funnels demand to certified platforms, amplifying needs for automation as manual processes yield to public/private portals.[1][4] Timing aligns with SMBs' shift to integrated "cockpits" combining banking, invoicing, and accounting—Qonto's acquisition accelerates this by merging Regate's strengths with business banking, targeting the vast untapped European market undergoing regulatory upheaval.[1][4]
Market forces like VC funding crunches favor cash-rich players like Qonto (with hundreds of millions on hand), enabling bolt-on acquisitions to build comprehensive suites amid slowing standalone growth for pure automation tools.[4] Regate influences the ecosystem by normalizing accountant-SMB collaboration, partnering with incumbents to bridge legacy systems and cloud-native tools, and paving the way for pan-European expansion as similar mandates loom elsewhere.[1]
Post-acquisition, Regate's platform will gradually integrate into Qonto's offerings, evolving into a single, customer-centric tool blending banking, expenses, and accounting for SMEs and firms—prioritizing seamless transitions to avoid disruption.[4] Trends like broader EU e-invoicing adoption, AI-driven automation, and fintech super-apps will propel this hybrid model, potentially dominating fragmented SMB finance in France and beyond (Germany, Spain).[1][4]
Its influence may grow as a blueprint for acquisitions in a capital-constrained environment, humanizing fintech by empowering non-experts with intuitive, compliant tools—echoing its origins in simplifying chaos for businesses focused on growth, not paperwork.[1][4]
Regate has raised $27.3M across 2 funding rounds. Most recently, it raised $19.3M Series A in September 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 26, 2022 | $19.3M Series A | James Fitzgerald | 360 Capital Partners | Announced |
| Apr 1, 2021 | $8M Seed | — | Aglae Ventures | Announced |
Regate has raised $27.3M in total across 2 funding rounds.
Regate's investors include James Fitzgerald, 360 Capital Partners, Aglae Ventures.
