Nordic fintechs Rocker and Enfuce team up to enable cutting-edge neobank build-up
May 6, 2020 4 minutes read
Rocker, the Swedish neobanking pioneer, has selected Enfuce – Finland’s largest fintech startup – as partner for card issuing and payment processing. The collaboration enables Rocker to issue VISA prepaid cards easily and securely.
Stockholm-based Rocker, formerly known as Bynk, builds a mobile platform for personal finance and continuously expands its offering within the areas of loans, payments and savings. Earlier this year, Rocker expanded its business within consumer payments by launching a debit card. Building on a background in consumer lending and peer-to-peer payments, Rocker had sought a flexible solution to underpin a prepaid card offering.
Rocker joined forces with Enfuce’s team of experts in order to fast-track an otherwise complex card issuing process. Besides supporting licensing, compliance and payment processing, Enfuce’s one-stop-shop service helped Rocker to process card transactions according to the highest security and compliance standards.
‘We are a tech company building a retail banking platform with services that are more flexible, super easy to use and more affordable. As we expand towards our vision of becoming Europe’s number one future neobank and offer people the chance to replace their old bank, we need strong and flexible infrastructure partners to be part of the platform creation’, said Oscar Hyléen, Deputy CEO and Head of Communications at Rocker.
Enfuce enables Rocker to issue feature-rich cards compatible with any payment method, currency or geography, which helps the company in its announced plans to expand its business on a European scale. By integrating Enfuce’s web-based API, Rocker can seamlessly control features like dynamic spending limits, push notifications and geo blocking.
‘We’re excited that Rocker chose us to power their cutting-edge neobank service. Through our card-as-a-service solution, they can launch modern payment services easily and securely. We’re thrilled to work with a team of innovative professionals who are building extraordinary products within personal finance’, said Monika Liikamaa, co-founder and Chairman of the Board at Enfuce.
In addition to powering payments, Enfuce is helping Rocker cover operational needs with a suite of back-office services – comprising Dispute- and Risk Management as well as Service Desk Support.
‘Our partnership shows how collaboration is the key to achieving big things in fintech. By internalising all the complexity of the payments industry, we help Rocker to focus fully on building amazing customer experiences,’ adds Monika Liikamaa. ‘We’re thrilled to join forces with a truly like-minded partner and look forward to growing together.’
Deputy CEO & Head of Communications, Rocker
Co-Founder and Chairman of the Board, Enfuce
Rocker (Bynk AB) is a tech company based in Stockholm. Rocker’s vision is to create the next-generation mobile banking platform and take the position as Europe’s leading neo-bank by making financial services simpler and more affordable. Rocker is active in loans, payments and savings. The company is licensed as a payment institution in the EU and supervised by Sweden’s financial supervisory authority.
Enfuce offers payment, open banking and sustainability services to banks, fintechs, financial operators, and merchants. By combining industry expertise, innovative technology and compliance, they are delivering long term and scalable solutions fast and securely. Established in 2016, Enfuce employs over 50 driven professionals in the Nordics and has over 8 million end-users in their platform. www.enfuce.com