Roger is a Czech platform where private investors finance companies' unpaid invoices. A supplier sells an invoice it has issued to a larger buyer, and investors bid in an auction to finance it. Roger has run these auctions since 2014. According to the platform, about CZK 63.9 billion has been financed in total; its own yearly table shows CZK 49.7 billion for the main auction segment from 2014 to 2025. The company was bought by the UK supply-chain finance group Orbian in 2025, according to press reports, and still takes new private investors (November 2026).
You register online with two identity documents and a bank statement, then bid in invoice auctions from CZK 2,500, in Czech crowns or euros. Each auction is won by the lowest interest rate offered and is financed by one investor only. You send the money from your own bank account on the day you win; when the buyer pays the invoice, you get your money and the interest back. Invoices run 30 to 120 days, 52 days on average. An automatic bidding tool can bid for you within limits you set. A separate receivables fund on the platform is open to qualified investors only.
Roger reports a historical weighted average return of 6.61% a year across all auctions since 2014 (statistics page read 1 November 2026). This appears to be the rate before the reserve-fund deduction: 15% of every interest you win goes into the reserve fund, so the figure you keep is lower. Investors earned CZK 100.7 million of interest in 2025 on CZK 14.18 billion financed, and CZK 361.0 million in the main segment from 2014 to 2025. No return after losses is published.
Losses so far are small. In the main segment, investors lost CZK 7.88 million of capital from 2014 to 2025, about 0.016% of the amount financed (calculated from the platform's own figures), or 2.18% of all interest earned. Invoices with payment problems made up 0.36% of the amount financed (CZK 177.6 million), and 0.08% in 2025.
The figures are not final: loss columns for 2023 to 2025 are still marked as to be decided, and CZK 12.6 million of main-segment problems is still being recovered. A separate segment of claims on the Czech Labour Office went badly: problems reached 11.42% of the amount financed in 2023 and 17.62% in 2024, Roger closed the segment on 30 June 2024, and CZK 37.4 million is still being recovered. In a September 2024 statement the chairman said Roger had filed a criminal complaint over this segment.
You buy one company's unpaid invoice, issued to a larger buyer, for 30 to 120 days; each auction is funded by one investor only. There is no mortgage or pledge: what protects you is the buyer's payment, Roger's checks of suppliers and buyers, credit insurance on risky invoices, and a reserve fund that receives 15% of every interest you win. Buyers pay the assigned invoices into Roger's own bank account kept under a special regime. In the main segment, invoices worth CZK 177.6 million ran into problems since 2014; 86% of that was collected and CZK 4.46 million was paid from the reserve fund. A separate segment of claims on the Czech Labour Office, closed on 30 June 2024, did much worse: only 49% of CZK 87.6 million in problems has been collected and CZK 37.4 million is still being recovered. The reserve fund is not a buyback and does not promise to cover every loss.
The platform is run by Platební instituce Roger a.s. (company number 017 29 462), a payment institution licensed by the Czech National Bank. It does not hold a European crowdfunding licence, so investors do not get the protections of the EU crowdfunding rules, such as a key investment information sheet and a cooling-off period. It reports its statistics under the standards of the Czech fintech association. No compensation scheme covers the investments.
Roger charges investors no registration or platform fee. 15% of every interest you win goes into the reserve fund instead of to you; on the platform's own example, CZK 1,333 of gross interest becomes CZK 1,133 net.
There is no secondary market described: your money comes back when the buyer pays the invoice, usually within one to four months. Repaid money is released at once for accounts at Fio banka and within one or two working days for accounts at other banks. If a buyer does not pay, you wait for collection or the reserve fund.
Return: Low. Auctions returned 6.61% a year on average since 2014, before the 15% reserve-fund deduction. Risk: Low (higher means more risk). Realised losses are about 0.016% of the amount financed, but the closed Labour Office segment still has CZK 37.4 million in recovery and losses for 2023 to 2025 are not final, so we rate it one step worse than the figures alone suggest. Risk-return: Medium.
License / Regulation: Platební instituce Roger a.s. (company number 017 29 462) is a payment institution licensed by the Czech National Bank. It does not hold a European crowdfunding service provider licence. No deposit guarantee or investor compensation scheme covers the invoice investments.
Roger is run by Platební instituce Roger a.s., a payment institution licensed by the Czech National Bank. It does not hold a European crowdfunding licence, and no compensation scheme covers the investments.
You pay directly from your own bank account when you win an auction. The buyer pays the invoice into Roger's bank account kept under a special regime, and Roger sends the principal and interest back to your account.
CZK 2,500 per auction. You can invest in Czech crowns or euros.
Roger reports a weighted average return of 6.61% a year since 2014, apparently before the 15% reserve-fund deduction. Realised losses in the main segment are CZK 7.88 million, about 0.016% of the amount financed, but losses for 2023-2025 are not final (November 2026).
You own the claim on the invoice buyer. There is no mortgage or pledge. Risky invoices are insured and a reserve fund receives 15% of all interest won, but neither promises to cover every loss.
No secondary market is described. Invoices run 30 to 120 days, 52 days on average; your money comes back when the buyer pays.
No registration or platform fee. 15% of every interest you win goes into the reserve fund instead of to you.
If a buyer does not pay, Roger collects the debt and may pay from the reserve fund; in the main segment 86% of problem amounts was collected. Money that buyers pay passes through Roger's special-regime account, so a failure of Roger would delay payments. No compensation scheme applies.
Roger financed claims on the Czech Labour Office through partner firms. Problems reached 17.62% of the amount financed in 2024, Roger closed the segment on 30 June 2024, and CZK 37.4 million is still being recovered (November 2026).
Interest is taxable income in the Czech Republic; Roger does not withhold tax. Check your own tax rules or ask a tax adviser.
