Orbian acquires payment institution Roger
Orbian, the leading independent provider of supply chain finance and payables solutions, acquires Payment Institution Roger (“Roger”), the largest Czech FinTech offering receivables and supply chain financing solutions.
Orbian, January 2025
Based in Brno, Roger provides receivables financing products for SMEs as well as supply chain financing programs for large companies. Founded in 2013, it has been profitable since inception and provided over €500 million of funding to its clients in 2024, making it one of the largest non-bank FinTech companies in Central Europe. It has built up a particularly strong presence in e-commerce with a market share of more than 60%1.
Thomas Dunn, Chairman of Orbian, commented: “We’ve been closely monitoring Roger’s development since 2019, and I am excited that we have been able to agree this transaction. Roger has a very strong technology platform and product proposition, and I am looking forward to working with Adam and his team to expand Orbian’s service range across the receivables and payables financing markets. We believe there is significant growth potential in Central Europe and Roger will provide us with the best platform to take advantage of the opportunities in our core markets in the region.”
Adam Šoukal, founder and CEO of Roger, said: “We have had a dialogue with Orbian for a number of years. Joining Orbian will enable us to tap into the operational know-how and relationships of a global market-leader, strengthening or own leadership position in the Czech Republic and our core verticals. I am also pleased that our partnership with Komerční banka, a member of Groupe Société Générale who acquired a 25% stake in Roger in 2019, will continue. This relationship has been very valuable to us.” Patrik Nový, Head of KB SmartSolutions (“KBSS”), said: “”We are pleased that KBSS was able to be a part of Roger’s growth over the past six years. I consider this to be one of the most successful transactions in the Czech FinTech sector and I am very pleased that our cooperation does not end here, but will continue.”
Roger’s founders, Adam Šoukal and Tomáš Slobodník, will continue to lead the business, and Adam Šoukal will join Orbian’s senior management team.
The transaction is subject to regulatory approvals and is expected to close by the end of the first half of this year. Orbian was advised by Ashcombe Advisers LLP and Eversheds Sutherland. Roger was represented by AKSKP.
About Orbian:
Orbian was founded in the late 1990s as a joint venture between SAP and Citibank. Since the beginning, it has specialised exclusively in supply chain finance and is a world leader in this field. It is one of the longest running and profitable fintech players with several billion USD of assets and revenues in 2024 in excess of $300 million. Orbian is among the very few institutions operating a truly bank-agnostic model in the supply chain finance sector. Orbian’s financial transactions are funded by a broad array of the largest global banks and financial investors. Orbian has nearly 8,000 customers in more than 50 countries around the globe.
About Payment Institution Roger:
Payment Institution Roger is a FinTech that provides two core products: An embedded financing solution to SMEs to unlock working capital tied up in receivables. To date, Roger has financed invoices worth over €1.6 billion through its peer-to-peer platform, improving the cash flow of thousands of businesses. Second, Roger offers large corporate clients a white-label supply chain financing program that delivers shorter payment terms to suppliers without requiring buyers to change original payment terms. By leveraging diversified funding sources – including the peer-to-peer platform, banks, and international funds – Roger offers a flexible and efficient way for businesses to optimise access to working capital.
[1] Based on invoice financing volumes in 2023.