Predict your next investment

Rocker company logo
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Accounting & Finance
rocker.com

See what CB Insights has to offer

Founded Year

2016

Stage

Series D | Alive

Total Raised

$74.76M

Valuation

$0000 

Last Raised

$53.79M | 3 yrs ago

Revenue

$0000 

Mosaic Score

+20 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Rocker

Rocker provides a platform for personal loans, in a data-driven manner.

Rocker Headquarter Location

Flaggan 1115

Stockholm, 116 74,

Sweden

020-700 700

Latest Rocker News

Swedish mobile loan app Bynk rebrands to neobank Rocker

Jan 14, 2020

14th January 2020 Bynk, the Swedish mobile loan app, has announced its is re-branding to ‘Rocker’ to become one of the latest challenger banks on the block. The fintech allows users to pause loans, merge several different loans into one, and change instalment plans all through its app. The newly-declared neobank has launched a smart debit card and says it plans to launch a savings service later this year. Rocker says its net sales as Bynk exceeded $10.6 million (SEK 100 million) in 2019 “This is the next step in our ambition in building a leading European neobank with a wide range of financial services,” says Rocker’s founder Jonas Hultin. The reason for the shift to neobank status is two-fold. Firstly, the fintech launched the internationalisation of its business across wider Europe and believes that becoming a challenger bank will achieve that goal. Secondly, the fintech wants to develop its products for saving, borrowing and paying. It finds that those products will be easier to execute as a bank. In a company statement, Rocker said that its new smart features as a challenger bank will allow the user “to link their own payment behavior to savings functions to increase opportunities to reduce or optimise spending and increase their own savings or to save with friends and family”. The company’s board also intends to evaluate a market listing of existing shares on the stock exchange, calling the move “one of several ways to finance the growth strategy”. Rocker says its net sales as Bynk exceeded $10.6 million (SEK 100 million) in 2019, seeing growth of 180% across the year. Launching in 2017, Rocker landed $53.4 million (€48 million) in equity funding just 18 months later from major Scandinavian media group Schibsted and investment management firm LMK Industri. The new investment brought Bynk’s total valuation to €190 million in February 2019, and prompted Schibsted to own 32% of the fintech startup. Rocker’s founder Hultin spent more than five years at Schibsted as head of platforms and new products before he left to build Bynk in 2016.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Rocker

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Rocker is included in 2 Expert Collections, including Digital Lending.

D

Digital Lending

1,332 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

F

Fintech

4,625 items

Track and capture company information and workflow.

Rocker Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Rocker Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.