RockFi Secures €18 Million to Redefine Wealth Management
In a significant step towards reshaping the wealth management landscape, RockFi, a promising fintech player, has successfully raised €18 million (approximately $19.45 million) in a Series A funding round spearheaded by Partech. This injection of capital marks a milestone in RockFi’s journey, coming less than a year after the company secured €3 million in its initial fundraising efforts.
A Diverse Investment Network
The recent funding round was not just a solo endeavor. RockFi benefitted from the participation of existing investor Varsity, along with notable business angels including Aurthur Waller and Félix Blosser—co-founders of the successful Pennylane—and Mark Ransford, the former managing director of Apax UK. Such backing reflects the strong belief in RockFi’s potential to make waves in the wealth management sector.
Bold Expansion Plans
With this new funding, RockFi seeks to accelerate its growth strategy, aiming to manage €1 billion in assets by the end of 2026. The company’s vision is to revolutionize private wealth management through a unique, technology-driven approach, coupled with a network of independent private bankers. Established in 2023 in France by industry veterans Pierre Marin, Marie Bedu, and Maxime Durand, along with other former private banking executives, RockFi is well-positioned to lead this charge.
Serving a Unique Clientele
RockFi distinguishes itself by catering to a diverse clientele that includes entrepreneurs, senior executives, elite athletes, and artists. This broad spectrum of clients necessitates a blend of human expertise with advanced digital solutions, a balancing act that RockFi is designed to manage. CEO Pierre Marin emphasizes, “We want to breathe new life into private wealth management, to reinvigorate the careers of those who shape it and enhance the assets of our clients.”
Comprehensive Wealth Management Services
What sets RockFi apart is its family office approach, where clients receive dedicated private advisors who tailor comprehensive investment strategies encompassing financial investments, taxation, and estate planning. The platform has already assembled a robust portfolio, offering 3,000 financial instruments across multiple asset classes, notably emphasizing private equity through partnerships with titans like Morgan Stanley, BlackRock, and Goldman Sachs.
Additionally, RockFi boasts a proprietary technology platform that provides clients with real-time asset tracking and analytics—an invaluable resource for high-net-worth individuals who demand transparency and immediacy in their financial management.
Accelerating Growth Metrics
In a compelling demonstration of its business model, RockFi has cultivated a growing client base of 500 within just months of launching its commercial offering, achieving a remarkable monthly business growth rate exceeding 25%. The company’s team has expanded to 50 employees, including 25 dedicated private bankers, operating out of six offices across France.
In the coming year, RockFi has ambitious plans to recruit an additional 50 private bankers and establish one new office per month in cities like Nice, Cannes, Toulouse, Rennes, and Strasbourg. The tech team can also expect to grow, with plans to double its current workforce of 12 engineers to enhance monitoring and reporting capabilities.
The Road Ahead
As part of this funding increase, Philippe Collombel, co-founder and general partner at Partech, will join RockFi’s board of directors. He expressed confidence in the company’s trajectory, stating, “We are delighted to support RockFi in this new phase of its growth. Its model—combining a technological platform with human expertise—addresses a strong demand in the wealth management sector.”
With its unique approach and substantial backing, RockFi is poised to become a key player in an industry ripe for transformation. As they expand their operations and refine their offerings, the focus on quality client service combined with technological innovation places RockFi at the forefront of next-generation wealth management solutions.
For investors and individuals looking to navigate the complex world of wealth management, RockFi presents a compelling proposition—one that leverages both cutting-edge technology and rich industry experience to deliver a personalized, comprehensive service. Keep an eye on this emerging player as they work to redefine the parameters of financial success in the coming years.