The challenger bank industry in the Nordics has taken another step forward with Rocker tapping Enfuce, the Finnish FinTech startup, to enable it to issue Visa cards and process payments.
“We are a tech company building a retail banking platform with services that are more flexible, super easy to use and more affordable,†said Oscar Hyléen, deputy CEO and head of communications at Rocker. “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.â€
The deal will enable Rocker, formerly known as Bynk, 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. Integrating with Enfuce’s web-based API will also enable the neobank to 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,†said Monika Liikamaa, co-founder and chairman of the board at Enfuce. “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.â€
Rocker’s deal with Enfuce is the latest in a line of events that highlights that things are starting to move faster in the Nordic challenger bank scene. Over the last two months, both Icelandic challenger bank indó and Danish rival Lunar have raised investment rounds to strengthen their hold of the market.
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