Despite global economic challenges, the company has shown impressive growth, with revenue increasing from SEK 29 million last year to over SEK 50 million and a positive result of SEK 5 million. With strategic expansion and a broader approach to risk, Roaring continues to shape the future of risk management.
Last year, Roaring reported growth of nearly 50%, and this year the success story continues. For the most recent financial year, which ended on June 30, the company shows growth of 73% with revenue of over SEK 50 million and reports a positive result of SEK 5 million. Despite global economic challenges, Roaring has not only managed to maintain, but also increase, its market position. The company has invested in innovative technical solutions, expansion, and strategic partnerships to meet its ambitious goals and the need for the future of risk management.
“We are pleased to be able to report such positive results again. We have strengthened our operations and exceeded our goals during the year. The growth is a clear sign that our strategy works and that our customers value our solutions. With a strong focus on product and technology development, we are determined to continue growing and helping organizations with risk management and society in the work of combating welfare crime,” says Johan Jensen, CEO of Roaring.
With revenue of SEK 29 million last year and the goal of reaching revenue of SEK 100 million within three years, Roaring stepped up with various initiatives. Based on the current forecast, it looks like the company will reach the goal in two years.
A broader approach to risk
Roaring is also launching several new initiatives within risk management. One of these is an advanced service for automated risk analysis that, among other things, integrates the Swedish Economic Crime Authority’s recommendations from the checklist “Do you know who you are doing business with”. The platform analyzes financial and soft data for a comprehensive risk assessment and provides warnings when further analysis is necessary. This differentiates it from other services by offering a more proactive service for managing company risks. Roaring has also launched a service within Open Banking with a focus on secure onboarding processes and smarter risk management for corporate customers. More services are planned for launch during the autumn.
“Our new services within risk are developed to help companies effectively identify and minimize risks. Through these initiatives, we support organizations in risk assessment, decision-making, and the fight against economic crime,” says Johan Jensen, CEO of Roaring.
Global and local expansion
Roaring is investing in an expansion in the Nordics as an important part of its growth strategy, and is also exploring other markets in Europe. Especially within the public sector, Roaring sees great potential for its solutions and has during the year actively worked to establish itself within the sector. Roaring has also initiated several strategic collaborations and further strengthened its presence within banking and finance.
“We see that we can truly make a difference within the public sector and have gained good traction. With Roaring, the sector can, among other things, automate processes that were previously manual and carry out thorough supplier checks. This is crucial for, for example, preventing public procurements from ending up in the hands of criminals, which we recently saw examples of in the Slussen project,” says Johan Jensen, CEO of Roaring.
Read Breakit’s list of Sweden’s 70 largest SaaS companies 2024
Since 2016, Roaring has helped organizations reduce business risks and counter economic crime by providing reliable company and personal data. The company offers integrations and ready-made applications that enable more efficient and automated verification and monitoring of information. The focus is on eliminating manual, slow, and complicated processes, which frees up time, ensures regulatory compliance, counteracts welfare crime, and reduces credit losses.
Roaring is one of the fastest-growing technology companies in Europe according to Deloitte.
Roaring’s headquarters are located in Danderyd, Stockholm.
For more information, visit www.roaring.io or contact Roaring at 08-819 820.
For more information, please contact:
Sandra Siljestedt
sandra@roaring.io
+46 707-42 42 98
