Czech lender Komerční banka a.s. acquired a 24.9% stake in local financial technology company Roger, which provides digital factoring and operational financing services.

Komerční also said Oct. 5 that it holds the pre-emptive right to purchase a majority holding in the company in the next three years. Financial details of the transaction were not disclosed.

The two companies will cooperate to jointly develop new financial products and services. Komerční will collaborate with the factoring company via KB SmartSolutions, the lender's unit that provides funding to fintech companies and assists in their development.

Société Générale SA is the ultimate parent of Komerční banka.