Roger

What Roger does

Roger (Platební instituce Roger a.s.) is a Czech-licensed fintech operating an auction-based P2P invoice financing marketplace that connects small and medium enterprises seeking working capital with individual and institutional investors seeking short-term returns. Founded in 2013 in Brno and licensed by the Czech National Bank as a payment institution (license č. j. 2016/135060/CNB/570), the platform matches invoices submitted by suppliers with the lowest bid from a pool of registered investors, enabling suppliers to receive up to 90% of invoice value within 24 hours while investors earn short-duration yields on receivables from creditworthy buyers. As of 2025, Roger reports 39B+ CZK financed via its core factoring product, 49.7B+ CZK and 622,359+ auctions completed via the investment platform, 2,500+ registered investors, and an NPS of 83 with a 0.36% problematic auction rate across the portfolio's history.

The product suite spans Roger Platba (invoice factoring), Roger Aukce (P2P investment platform with an automated bidding "Investment Automat" and the newly launched Roger Receivables Fund), Roger Invoice Financing (supply chain financing for large buyers such as Alza.cz, HP TRONIC/Datart, Pilulka, and Bonami.cz, executed via EDI/ERP integrations), Roger Ověření (a free business credit verification service covering 386,212+ Czech companies with AAA-D ratings, underpinned by Dun & Bradstreet data), Roger PayFin (accounts payable extension up to 60 days), and a CYRRUS Forex partnership for international payments. The platform is delivered via web, iOS/Android mobile apps, and API integrations with accounting/ERP systems including Helios Orange, ABRA Flexi, Caflou, and GRIT, and operates across four Central and Southeast European markets (Czech Republic, Slovakia, Croatia, and Poland).

Revenue is generated almost entirely through transaction-based fees—an average 1.93% of invoice value for factoring, supplier discounts on supply chain financing (free for buyers), fee structures on payables financing, and a 15% reserve-fund contribution from investor interest. GTM combines product-led growth (24/7 self-service onboarding and approval) for SMEs with sales-led enterprise motion for mid-to-large clients (150M+ CZK turnover) and a referral program paying 10,000 CZK per successful conversion. Following its June 2026 acquisition by Orbian—a supply chain finance provider created as a joint venture between Citibank and SAP—Roger operates as a strategic subsidiary within a globally-oriented SCF group, retaining its platform, products, and branding while gaining access to expanded funding and international distribution.

Name

Roger

Legal name

Platební instituce Roger a.s.

Website

https://roger.cz

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Roger is a Czech-licensed fintech operating a P2P invoice financing marketplace, connecting SMEs needing short-term working capital with investors seeking short-duration returns, with 39B+ CZK financed across four Central European markets.

Ownership category

akta.pro rank

Product category

Invoice Factoring and Alternative Lending

NAICS

Sales Financing (52222)

akta.pro primary industry

Accounts Payable (Invoice Processing, 2/3-Way Match, Vendor Payments) (BPAAAGAA)

akta.pro secondary industries

Invoice Processing & 2/3-Way Match Support (BPAAAJAG), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)

Keywords

• Invoice factoring services
• P2P invoice investing
• Supply chain finance
• Accounts payable financing
• Business credit verification

Headquarters

HQ city

Brno

HQ country

Czechia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Factoring/Invoice Payment (Roger Platba): Roger advances up to 90% of invoice value to businesses within 24 hours. Revenue is generated through a discount/fee charged on the financed amount. Average cost is 1.93% of invoice value, varying by maturity length, industry, and invoice volume. The remaining balance is received after the buyer pays.
2. Investor Auction Platform (Roger Aukce): P2P investment platform connecting investors with businesses needing financing. Investors bid on invoices and earn interest. Roger charges no registration or platform fees; 15% of earned interest is allocated to a reserve fund for investor protection.
3. Invoice Financing for Buyers (Roger Invoice Financing): Supply chain financing service where buyers enable their suppliers to get early payment. Suppliers pay a discount rate determined by buyer creditworthiness. Service is free for buyers; revenue comes from the discount charged to suppliers.
4. Payables Financing (Financování závazků): Roger pays supplier invoices on behalf of buyers and extends payment terms by up to 60 days. Revenue generated through financing fees based on extension length, invoice volume, industry, and buyer financial health.
5. Business Verification (Roger Ověření): Free registration database of 300,000+ Czech businesses with detailed financial reports. Free tier for basic verification; revenue model supports customer acquisition for financing services.
6. CYRRUS Forex Partnership: Partnership with CYRRUS for foreign exchange services. Roger earns referral fees for directing clients needing international payment services to CYRRUS Forex.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels8 records

Core offering

Roger is a Czech-licensed payment institution providing invoice factoring and supply chain finance to SMEs and large corporates. Through its Roger Platba service, businesses can receive up to 90% of invoice value within 24 hours to shorten long payment maturities. The Roger Aukce platform matches these invoices with retail and institutional investors via a reverse-auction P2P marketplace. Additional offerings include Roger Invoice Financing (supply chain finance), PayFin (accounts payable extension up to 60 days), and Roger Ověření (free business credit verification for 300,000+ Czech firms).

Product overview

Roger (Platební instituce Roger a.s.) is a Czech-licensed fintech platform (CNB license) operating for over 10 years that provides a portfolio of working-capital and invoice-finance products. The platform connects SMEs needing liquidity with investors seeking short-term returns, using an auction-based P2P matching model. The core products are Roger Platba (invoice factoring/discounting for suppliers), Roger Aukce (P2P invoice investment platform for investors), and Roger Invoice Financing (supply chain finance for large buyers and their suppliers). These are complemented by Roger Ověření (business verification/rating), PayFin/Financování závazků (accounts payable extension), the Roger mobile app, and a CYRRUS Forex partnership for currency exchange. The platform is further integrated with accounting software (e.g., Helios Orange plugin) and DNB data for credit assessments.

Differentiator

Problem solved

Functional benefit

Brands

• Roger Platba: Invoice factoring and early payment service that allows entrepreneurs to receive payment for invoices with long maturities typically within 24 hours, improving cash flow.
• Roger Aukce
• Roger Invoice Financing
• PayFin

Products and services

• Roger Platba Invoice factoring service enabling Czech businesses and self-employed entrepreneurs to receive up to 90% of invoice value within 24 hours, shortening long invoice maturities. The remaining balance is paid after the buyer settles the invoice. Invoices are offered to investors on the Roger Aukce auction portal, with the lowest winning bid financing the receivable.
• Roger Aukce P2P investment platform where individual and institutional investors finance invoices issued against creditworthy Czech companies (minimum buyer turnover 200M CZK, BBB+ rating). Investments are short-term (30–120 days, average 52 days) with reverse-auction pricing and an Investment Automat automated bidding tool. Includes the Roger Receivables Fund for qualified investors.
• Roger Invoice Financing Supply chain finance solution enabling large Czech corporate buyers (such as Alza.cz, HP TRONIC/Datart, Pilulka Lékárny) to enable their suppliers to receive up to 75% of approved invoice value within 24 hours. Data is sourced via EDI or ERP API integration so buyers do not need to introduce new systems. Free for buyers; suppliers pay a discount rate determined by buyer creditworthiness.
• Roger PayFin (Financování závazků) Accounts payable financing service allowing companies to extend their own payable maturity by up to 60 days. Roger pays the supplier directly on behalf of the buyer, who repays Roger by the extended due date. Available in CZK and EUR, with minimum invoice value of 20,000 CZK and pricing based on credit analysis, collateral requirements, and the 3M PRIBOR rate.
• Roger Ověření Free business partner verification service providing AAA–D credit ratings, insolvency/liquidation checks, VAT payer verification, and financial health metrics (debt ratio, profitability, liquidity, working capital) for 300,000+ Czech companies. Used internally by Roger to assess buyer credit and offered publicly as a standalone tool for SMEs.
• Roger Mobile Application Native mobile application for iOS and Android that enables entrepreneurs to submit invoices for factoring and investors to participate in invoice auctions from a phone or tablet. Includes push notifications tracking financing and investment progress.
• Roger Receivables Fund Receivable investment fund for qualified investors, available on the Roger Aukce platform, that invests in receivables on Roger's platform on behalf of investors, generating regular reinvested yields without requiring manual auction selection.

Quantifiable outcome

• Up to 90% of invoice value paid within 24 hours of submission
• +5 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• CYRRUScoreGTM or Marketing PartnerCYRRUS Forex, part of the CYRRUS Group (operating since 1995), provides foreign exchange services to Roger's clients. The partnership enables Roger's business customers to access favorable FX rates for international invoice payments, saving on fees and exchange rates. CYRRUS serves 12,500+ satisfied clients.
• Havel & PartnerscoreImplementation/ SI/ Consulting PartnerPartnership with leading Czech law firm Havel & Partners for debt collection services. Investors with uncollectable receivables can access discounted legal recovery services. Havel & Partners have successfully collected 140,000+ cases over 10+ years, offering preferential pricing for Roger clients.
• Allianz Trade (formerly Euler Hermes)coreOthersCredit insurance partnership covering selected invoices up to 75-85% of nominal value against buyer default. Allianz Trade evaluates and insures receivables based on credit risk assessment, protecting investors from potential losses on non-payment.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• MarketInvoice: UK-based invoice financing marketplace that advanced funds against SME invoices and matched them to investors via an auction mechanism. Closely comparable product, business model and dual-sided marketplace dynamic to Roger Platba / Roger Aukce (also acquired by a bank, Barclays).
• C2FO: Global working-capital marketplace connecting corporate buyers and their suppliers for early-payment financing. Directly comparable to Roger's Invoice Financing and PayFin SCF offerings in mechanism and target buyer/supplier dynamic.
• PrimeRevenue: Global supply chain finance platform serving large corporate buyers and their suppliers with multi-bank funding. Comparable to Roger's enterprise Invoice Financing and the post-Orbian SCF thesis on the buy-side.
• Billie: Berlin-based B2B buy-now-pay-later and invoice-financing fintech serving European SMEs. Overlaps with Roger's SME invoice-discounting value proposition and online-only onboarding flow.
• Mintos: Latvia-headquartered P2P lending marketplace for consumer and business loans. Comparable dual-sided investor/borrower platform structure to Roger Aukce and similar CEE/Baltic geographic footprint.
• Funding Circle: UK-listed P2P/SME lending platform originating working-capital loans to small businesses. Comparable marketplace-lending business model and SME cash-flow thesis to Roger's invoice financing core.
• Demica: London-based supply chain finance technology provider serving corporates, banks and factors. Overlaps with Roger's SCF/Invoice Financing proposition on the buyer-side tech and receivables finance.
• Tradeshift: Supply-chain finance and invoicing platform with embedded working-capital offerings. Comparable in marrying invoice workflow with financing to SMEs, particularly via buyer-side integrations similar to Roger's EDI/ERP connections.

Broad incumbents

• Allianz Trade (Euler Hermes): Global trade credit insurance and factoring incumbent. Roger already partners with Allianz Trade to insure receivables up to 75-85%; it represents the broad incumbent alternative for both Roger customers and competitors in the factoring/SCF space.
• Bibby Financial Services: International SME factoring and invoice-discounting incumbent. Represents the established, bank-adjacent alternative that Roger's 'no statements required, 24-hour online onboarding' proposition is built to disrupt.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/instituce_roger
• YouTubeyoutube.com/channel/UC2JFismi8dxVoci9RwgBtow
• Facebookfacebook.com/rogeras.cz
• LinkedInlinkedin.com/company/rogeras
• Instagraminstagram.com/roger_fintech

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Roger