Swedish challenger Rocker has selected Finnish fintech start-up Enfuce as card issuing and payment processing partner.

The move is expected to expedite the issuance of Visa prepaid cards. It comes after Rocker, formerly known as Bynk, launched a debit card for consumers.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Rocker Deputy CEO and Head of Communications Oscar Hyléen said: “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.”

Under the collaboration, Enfuce will help Rocker with licencing, compliance and payment processing.

It will also enable Rocker to issue feature-rich cards compatible with any payment method, currency or geographical location. Accordingly, it will support the Swedish neobank’s plans to expand its business to other European nations.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Additionally, Enfuce will deliver Rocker with a suite of back-office services for operational requirements.

Enfuce co-founder and chairman of the board Monika Liikamaa said: “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.”