Ashcombe advises Orbian Corporation on its acquisition of Roger
Ashcombe is pleased to announce that it has acted as exclusive financial advisor to Orbian Corporation (“Orbian”), the leading independent provider of supply chain finance and payables solutions, on its acquisition of Payment Institution Roger (“Roger”), the largest Czech FinTech offering receivables and supply chain financing solutions.
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%*.
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. Ashcombe’s transaction expertise and relationships in our core markets were instrumental in getting this important transaction agreed.”
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 our 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.”
Andreas Wesemann, Partner at Ashcombe, commented: “Our relationship with Orbian goes back almost 15 years. Under Tom’s leadership it has become the third largest supply chain finance platform globally and one of the most profitable. We are very confident that the enlarged business will continue Orbian’s impressive growth trajectory, now across the payables and receivables services space.”
For further information on this transaction, or to discuss your particular requirements in financial services M&A and capital markets, please contact a member of Ashcombe’s financial institutions group listed below.
*Based on invoice financing volumes in 2023.