See other companies on Welcome to the Jungle
Pockit
Banking for the underserved
- 21-100 employees
- Fintech
- B2C
- Banking
- Cardiff, UK
Jump to section
Company mission
Pockit is on a mission to build a better banking alternative for customers left behind by high street banks.
Our take
Banks haven't innovated their consumer offering for decades. The tide is now turning, with fast moving disrupters building consumer-first businesses and products with many more useful features.
Pockit's differentiator is that it targets customers with a ‘thin’ credit file or who are newly arrived in a country, and the account can be opened in just 2 minutes with minimal documentation. This makes it attractive to recent migrants or other customers that don’t have a full financial history and therefore may find it more cumbersome to apply for an account with a high street bank.
With good funding at its back, the company has been steadily increasing operations in the last few years. Most recently, Pockit has partnered with Prizeout (an online marketplace where brands bid for business by offering gift cards), to further uplift the purchasing power of its users that can now make use of the savings offered by these gift cards directly from their Pockit account.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Training & professional development opportunities
- Health & wellbeing support
- A great workspace environment
- Generous holiday allowance
- Friendly & collaborative culture
- Shared ownership in Pockit
Company values
- Curiosity - Curiosity feeds innovation. We want to know everything, especially about our customers, as we are driven by what they want and need
- Ambition - We are building the most inclusive banking service in the world. We are problem solvers who are are always looking for the next challenge
- Resilience - We have faith that we will succeed, whatever the challenge. We are driven to do better and be stronger, no matter the odds
- Accountability - We take responsibility and ownership of our work, decisions and actions. We do what we commit to do and when we can’t deliver, we can explain why
Funding (last 2 of 11 rounds)
Aug 2023
$9.8m
LATE VC
Feb 2022
$1.6m
SERIES C
Total funding: $51.8m
This company has top investors
Leadership
Virraj Jatania
(CEO)Previously worked for a multinational company in the cosmetics and personal care space.