French wealth administration fintech RockFi garners €18m funding
RockFi, a fintech firm specialising in personal wealth administration, has raised €18m ($19.45m) in a Sequence A funding spherical led by Partech.
The spherical additionally noticed participation from current investor Varsity and enterprise angels, together with Aurthur Waller and Félix Blosser, co-founders of Pennylane, and Mark Ransford, former managing director of Apax UK.
With this recent capital, RockFi goals to fast-track its growth and attain its goal of managing €1bn in belongings by the shut of 2026.
The corporate secured recent funding lower than a 12 months after elevating €3m in its preliminary fundraising spherical.
Primarily based in France, the fintech was established in 2023 by Pierre Marin, Marie Bedu, and Maxime Durand—alongside former personal banking executives corresponding to Stéphane Carles (previously of SG Personal Banking) and Vincent Pagny (previously of HSBC Gestion Privée).
RockFi goals to remodel personal wealth administration with its technology-driven platform and community of unbiased personal bankers.
The corporate serves a various clientele of entrepreneurs, senior executives, “prime” athletes, and artists, providing a mix of human experience and digital options for wealth administration.
Marin, who can also be the CEO, mentioned: “We need to breathe new life into personal wealth administration, to the careers of those that form it and the belongings of their shoppers.
“This financing will allow us to scale as much as serve our clients even higher, in France and – ultimately – throughout Europe, with the ambition of quickly establishing ourselves among the many leaders of next-generation wealth administration.”
RockFi mentioned its household workplace strategy supplies shoppers with devoted personal advisors who craft complete funding methods masking monetary investments, taxation, and property planning.
The platform presents 3,000 monetary devices throughout varied asset courses, with an emphasis on personal fairness by partnerships with companies corresponding to Morgan Stanley, BlackRock, and Goldman Sachs.
The fintech’s proprietary expertise platform is claimed to allow shoppers to entry “real-time” asset monitoring and analytics.
Lower than a 12 months after launching its business providing, RockFi claims to have attracted 500 shoppers, attaining a month-to-month enterprise development of over 25%.
The corporate has expanded its workforce to 50 staff, together with 25 personal bankers, throughout six workplaces in France.
Over the subsequent 12 months, RockFi plans to recruit 50 further personal bankers and open one new workplace per thirty days in cities corresponding to Good, Cannes, Toulouse, Rennes, and Strasbourg.
The corporate additionally plans to double its workforce of 12 engineers to boost its monitoring and reporting capabilities.
