Message from the CEO
After a year marked by global uncertainty and challenges, we can see how Roaring has successfully navigated its way forward. Our CEO, Johan Jensen, reviews a year defined by growth and innovation, where we achieved significant milestones during the financial year 2023/2024, while also reflecting on the year that has passed.
As we look back on the past year, I do so with a mix of pride and humility. It has been a year marked by a strained global economy, with uncertainties and changes affecting many industries. The tech sector has also been significantly impacted. Yet, despite the challenging climate, we at Roaring have not only managed to navigate the storm but also made great strides forward.
We are proud to report solid progress over the past year, with revenue increasing from SEK 29 million to over SEK 50 million – a 73% growth that speaks for itself. But this is not just a figure; it is a testament to our team’s dedication and our ability to meet customers’ needs during a time of global uncertainty. Our achievements are a direct result of the hard work of our employees. It is thanks to your adaptability, resilience, and exceptional delivery that we have reached this milestone.
We continue to provide value, and in uncertain times, ensuring greater security is more critical than ever. For us, this means helping our customers protect themselves against external uncertainties, threats, and risks. This is precisely what we strive for at Roaring – a safer world for businesses, the public sector, and society at large.
The fight against financial crime
Financial crime costs Swedish society billions every year. The cost is estimated at around 3% of Sweden’s GDP, with a significant portion of gang income deriving from welfare fraud, financial fraud, and other unreported earnings – issues we are actively working to combat.
Technology development is advancing rapidly, and this year, we’ve strengthened our focus on this complex area by focusing on effective risk management. A key initiative has been our new automated risk analysis service, based on recommendations from the Swedish Economic Crime Authority in their guide, “Do you know who you are doing business with?”. This service is a clear example of our commitment. The more we automate, the faster our customers can identify risks and prevent criminal activity, whether it involves welfare fraud, money laundering, or simply avoiding partnerships with unscrupulous actors.
Success across different sectors
We continue to strengthen our position in banking, finance, and insurance, as well as through our investment in Open Banking. By improving access to financial information, we contribute to a more transparent and secure economic environment. Our ability to help businesses manage general financial risks complements our work against financial crime.
Thus, we remain a strong player in banking, finance, and insurance. Moreover, we have also firmly established ourselves in the public sector, where threats to our welfare are particularly significant. Together, we must resist these criminal players. At Roaring, we know we can make a difference in the public sector, and that is one of our greatest driving forces. The positive feedback we’ve received demonstrates that our solutions can mitigate risks, promote greater transparency in public procurement, and ensure taxpayers’ money is used responsibly and exclusively for reputable suppliers.
Expansion and growth
We have expanded both geographically and strategically over the past year, strengthening our presence in the Nordic region. With new partnerships and collaborations, we further bolster our position, particularly in banking and finance. This year, we have grown our team and moved to a larger office space. We have also made significant investments in our customer support to ensure we maintain our high level of service as the company grows.
With a positive result of SEK 5 million, we are proud to say that our strategy is truly working. We are growing both rapidly and sustainably. Over the past year, we have not only maintained our market position but also strengthened it through strategic expansion and innovative new solutions that truly make a difference. However, our successes are not solely the result of our internal efforts but also the support and trust we have received from our customers, partners, and owners.
The future of Roaring
With a target of SEK 100 million in revenue within 1.5 years, we look to the future with great optimism. Innovation and product development are at the heart of our strategy, and we aim to continue creating solutions that make a real difference for businesses, the public sector, and society at large. Achieving the SEK 100 million milestone no longer feels far off.
It has not been an easy year. We have all faced challenges that have tested our adaptability and resilience. Yet every challenge has also been an opportunity to learn and grow. We have embraced change and used it as a driving force for innovation and improvement – all to create a safer business environment and a better society, where technology serves as the cornerstone for progress, protection, and efficiency.
Thank you for your continued support and trust.
Johan Jensen, CEO, Roaring
