What Roqqett does

Roqqett Ltd is a UK-based fintech operating an Open Banking payments platform that enables merchants to accept "Pay by Bank App" transactions settled directly from a customer's mobile banking application, bypassing card networks. The company was founded in 2020 by Glenn Smith and is registered in England and Wales (company number 12330839), headquartered at Thames House, 68 Upper Thames Street, London, with an operational base in Bath. Roqqett is authorised and regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 (Reference 925174), making SCA compliance inherent to the product rather than a layered addition.

The product suite comprises Roqqett Pay (payment processing with instant settlement, typically within two hours, and no card fraud or chargebacks), Roqqett Checkout (an express checkout experience with pre-saved details, digital receipts, and parcel tracking), and Roqqett Reconciliation (bank-account-linked back-office reporting). A JavaScript SDK and a public developer API (documented at docs.roqqett.com) support integration, and an official WooCommerce plugin extends distribution into the dominant SMB e-commerce platform. The company also offers a Pay Later option in which Roqqett carries consumer credit risk in exchange for a higher transaction fee.

Revenue is generated exclusively through transaction fees, with standard rates starting from 0.5% and Pay Later rates priced higher. Fees are invoiced monthly and deducted from transaction funds, with 60 days' notice required for any rate change. Distribution combines self-serve onboarding via a merchant portal, a partner program targeting agencies, developers, and freelancers who introduce Roqqett to e-commerce clients, and consumer-facing iOS and Android apps. The only named customer in the source material is Rolling Italy, an SMB food-and-beverage merchant. In November 2022 Roqqett was acquired by Equals Group Plc (AIM: EQLS), a publicly listed UK fintech, and now operates as a brand within the Equals Group corporate structure.

Name

Roqqett

Legal name

Roqqett Ltd

Website

https://roqqett.com

Company type

Private

Founded year

2020

Operating status

Acquired

Headcount range

11–50 employees

Short description

Roqqett is a UK FCA-authorised Open Banking payments platform that lets e-commerce merchants accept Pay by Bank App transactions with instant settlement, no card fraud, and transaction fees from 0.5%. Founded in 2020 and acquired by Equals Group Plc in 2022, it serves SMB and mid-market online merchants via API, WooCommerce plugin, and an agency partner program.

Ownership category

akta.pro rank

Product category

Payment Processing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Sales Financing (52222)

SIC

Finance Services (6199)

akta.pro primary industry

A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF)

akta.pro secondary industry

Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)

Keywords

• Open banking payments
• Pay by bank app
• Payment processing
• Express checkout
• Merchant payment services

Headquarters

HQ city

Bath

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Transaction Fees: Roqqett charges merchants a transaction fee for each payment processed through the Merchant Service. The fee is deducted from transaction funds and paid monthly via direct debit. There is no charge for downloading, account setup, or accessing the merchant portal.
2. Pay Later Transactions: For consumer Pay Later option (subject to credit checks), Roqqett charges an increased transaction fee. Roqqett provides funds to the merchant instead of the consumer, bearing the credit risk.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Roqqett is an Open Banking payments platform that enables merchants to accept payments directly from customers' bank accounts via Pay by Bank App authentication, eliminating card details at checkout. The platform offers Roqqett Pay for transaction processing with instant settlement and Roqqett Checkout for express one-tap checkout experiences, integrated via API, SDK, and plugins.

Product overview

Roqqett is an Open Banking payments platform offering two core products: Roqqett Pay (payment processing via Pay by Bank App) and Roqqett Checkout (complete express checkout solution). The platform enables friction-free payments using the customer's mobile phone and banking app, with instant settlements, reduced fraud (no card details transmitted), and lower transaction fees starting from 0.5%. The company is authorized and regulated by the FCA (Reference: 925174) and is part of Equals Group Plc.

Differentiator

Problem solved

Functional benefit

Brands

• Roqqett Pay: Payment processing solution enabling instant settlements and Pay by Bank App functionality for merchants.
• Roqqett Checkout

Products and services

• Roqqett Pay

Quantifiable outcome

• 74% cost savings on transaction fees compared to Stripe (based on Stripe published prices March 2024)
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• WooCommercecoreTechnology or IntegrationOfficial Roqqett plugin for WooCommerce enables merchants with WordPress sites to accept payments via the Pay by Bank App. The plugin is available on the Roqqett website and supports instant settlements.
• Partner Program - Agencies, Developers, FreelancerscoreChannel Partner/ Reseller/ DistributorRoqqett's partner program targets agencies, developers, and freelancers who design e-commerce sites for clients. Partners introduce Roqqett to their clients and earn revenue for each new client brought on board. Benefits include world-class support, early access to new products, and simple integration.
• FinimizeminorGTM or Marketing PartnerRoqqett's CEO Glenn Smith appeared on the Finimize podcast discussing commodities and inflation. This represents a content and marketing partnership to build brand awareness and thought leadership.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Worldpay: Worldpay is one of the largest global merchant acquirers, processing card and alternative payments for enterprise and SMB merchants. It is a broad incumbent competing for the same merchant payment volume Roqqett targets.
• Checkout.com: Checkout.com is a global payment processor serving merchants and platforms with card acquiring and alternative payment methods. It operates at a much larger scale than Roqqett across multiple payment rails, making it a broad incumbent competing for the same merchant wallets.
• Mollie: Mollie is a European payment service provider offering a multi-method checkout (cards, bank transfers, BNPL, etc.) primarily to SMBs and mid-market merchants. It competes with Roqqett in the same SMB e-commerce segment and across multiple European geographies.
• Adyen: Adyen is a global payments platform providing unified online, mobile, and in-store processing to enterprise merchants. While focused on enterprise, it competes with Roqqett for UK and European merchant payment volume and offers multiple alternative payment methods including bank-based options.
• Stripe: Stripe is the dominant global online payment processor offering card acquiring plus an expanding suite of payment methods. It is Roqqett's primary cost-comparison benchmark (Roqqett claims 74% savings vs Stripe published prices) and the largest incumbent Roqqett is positioning against.

Direct peers

• Trustly: Trustly operates an A2A payment network across Europe enabling online bank payments at checkout for merchants. Like Roqqett, it eliminates card data and offers instant settlement, competing head-to-head in the same Open Banking merchant acceptance category.
• TrueLayer: TrueLayer is a UK-based Open Banking payments and data network offering Pay by Bank checkout, instant bank payments, and financial data APIs. It is the closest direct competitor to Roqqett's Pay by Bank App and A2A merchant acceptance proposition.
• GoCardless: GoCardless is a UK-headquartered fintech specialising in direct debit and A2A payments for subscription and online merchants. It targets the same SMB and mid-market e-commerce base as Roqqett and competes on reducing reliance on card rails.

Emerging players

• Klarna: Klarna is a leading BNPL provider whose Pay in 30 days option competes directly with Roqqett's Pay Later offering. It is a partial-overlap peer — different primary category but a direct substitute in the merchant deferred-payment use case.

Others

• Plaid: Plaid is a global financial data network and Open Banking infrastructure provider. It does not directly compete with Roqqett's checkout but sits adjacent as an enabler of bank connections that underpin the same Open Banking ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/roqqett
• YouTubeyoutube.com/channel/UChLBS3U6ftVMnhDLxKNf1tw
• LinkedInlinkedin.com/company/roqqett

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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 Roqqett