RockFi, a fintech firm focused on private wealth management, secured €18m ($19.45m) in a Series A funding round spearheaded by Partech.

This round also included contributions from current investor Varsity and business angels such as Aurthur Waller and Félix Blosser (co-founders of Pennylane) and Mark Ransford (former managing director of Apax UK).

RockFi intends to expedite its growth with this new funding and achieve its goal of managing €1bn in assets by the end of 2026.

Less than a year after its initial fundraising round, in which it raised €3m, the company secured new funding.

The fintech, founded in 2023 by Pierre Marin, Marie Bedu, and Maxime Durand, along with former private banking executives like Stéphane Carles (formerly of SG Private Banking) and Vincent Pagny (formerly of HSBC Gestion Privée), is based in France.

With its tech-focused platform and network of independent private bankers, RockFi seeks to revolutionize the field of private wealth management.

The company caters to a varied clientele that includes entrepreneurs, senior executives, elite athletes, and artists, providing a combination of human expertise and digital solutions for wealth management.

Marin, who also holds the position of CEO, stated: “Our aim is to revitalize private wealth management, the careers of those who influence it, and the assets of their clients.

“This financing will enable us to scale up to serve our customers even better, in France and – eventually – across Europe, with the ambition of rapidly establishing ourselves among the leaders of next-generation wealth management.”

According to RockFi, its family office model offers clients personalized private advisors who develop all-encompassing investment strategies that include financial investments, taxation considerations, and estate planning.

The platform provides access to 3,000 financial instruments spanning different asset classes, focusing particularly on private equity through collaborations with companies like Morgan Stanley, BlackRock, and Goldman Sachs.

Clients are said to be able to access “real-time” asset tracking and analytics through the fintech’s proprietary technology platform.

RockFi asserts that it has drawn in 500 clients and attained a monthly business growth exceeding 25% within less than a year of launching its commercial service.

The company has grown its workforce to 50 employees, comprising 25 private bankers, across six offices located in France.

In the coming year, RockFi aims to hire 50 more private bankers and establish one new office each month in locations including Nice, Cannes, Toulouse, Rennes, and Strasbourg.

To improve its monitoring and reporting abilities, the company aims to increase its team of 12 engineers by twofold.

Philippe Collombel, who co-founded Partech and serves as a general partner there, is joining the board of directors as part of the funding.

Collombel remarked, “We are very pleased to assist RockFi as it enters this new phase of development. Its model, which fuses a technological platform with human expertise, meets a significant demand in the wealth management sector.

The traction achieved in just a few months demonstrates RockFi’s potential to become a significant player in an industry poised for transformation.