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Roqqett's mission is to become the most desirable way to pay, each other and online businesses, instantly.
Launched in October 2020, Roqqett was designed to restore consumer confidence during the pandemic, allowing customers to pay shops, friends and family from a safe distance using cloud-based technology. Through creating a QR code or payment link, anyone with a banking app can pay through Roqqett.
The open-banking technology app also helps support high-street independent retailers by reducing middlemen transaction fees and potentially saving business up to £3,000 a year. Frequently, 1.75% of every card payment is lost to the companies who process transactions, with three profit takers along the way. Roqqett is setting out to reduce this to just 0.5% by cutting out the middlemen. In addition, there are no terminals that merchants have to buy.
Though created during the pandemic, the Roqqett app is designed for beyond 2020. Moving forwards, the company is focused on developing the app's features as well as growing its team.
Steph
Company Specialist at Welcome to the Jungle
Glenn Smith
(CEO)Has been building and running finance and technology companies for 25 years. Previously founded Sure Sense, Maple Bird, and Cloudfind (now known as Publisher Discovery).