Request Finance snaps up cryptoaccounting platform provider Consola Finance
In a landmark move, Request Finance has announced its acquisition of Consola Finance, heralding a major expansion in its service offerings to include comprehensive crypto accounting solutions. This strategic acquisition is poised to significantly enhance the capabilities of Request Finance, integrating the cutting-edge technology of Consola Finance to deliver unparalleled accuracy in data management and financial operations in both crypto and fiat currencies.
The deal, terms of which were not disclosed, marks a pivotal moment in the evolution of financial services for businesses operating across diverse currency platforms. Consola Finance, celebrated for its innovative approach to crypto accounting and unwavering commitment to data accuracy, now joins the Request Finance portfolio, promising to create a unique, all-encompassing finance platform. Jacob Kobler, CEO of Consola, expressed optimism about the merger, stating, “By welcoming Consola Finance into the Request Finance family, the platform is poised to deliver a unique all-in-one finance platform.”
This acquisition significantly broadens the scope of services offered by Request Finance, making it a one-stop solution for managing financial operations including Accounts Payable, Accounts Receivable, Accounting, Payroll, Employee Expenses, Crypto Payments, and Fiat Payments to over 170 countries. The integration of Consola Finance’s technology with Request Finance’s platform is expected to streamline financial transactions and accounting processes for over 2,000 companies that trust Request Finance to handle more than $700 million in transactions.
Christophe Fonteneau, Head of Strategy at Request Finance, commented on the impact of this acquisition, saying, “The synergy between Request Finance and Consola Finance elevates confidence in our platform’s ability to manage financial operations seamlessly.” This sentiment was echoed by Christophe Lassuyt, CEO of Request Finance, who highlighted the growing mainstream adoption of cryptocurrency in business operations. Lassuyt underscored the company’s commitment to developing a crypto-friendly platform that amalgamates the functionalities of Bill.com, Netsuite, and Expensify, offering a comprehensive solution for managing financial transactions in both digital and traditional currencies.
The acquisition of Consola Finance by Request Finance represents a significant leap towards enhancing the adoption of cryptocurrency in business operations through a compliant, safe, and efficient all-in-one finance platform. It underscores the broader vision of revolutionizing financial operations for businesses worldwide, promising to make cryptocurrency transactions as streamlined and user-friendly as traditional fiat currency operations.
In summary, the strategic acquisition of Consola Finance by Request Finance is a game-changer in the financial services industry, especially for professionals dealing with crypto and fiat currencies. This merger not only expands the capabilities of Request Finance but also sets a new standard in financial operations, offering a holistic solution that addresses the diverse needs of finance professionals and CPAs in the rapidly evolving digital economy.