2 years ago

Pockit Secures €9 Million to Expand Financial Services for Underserved Communities

  • Pockit, a UK-based financial app serving low-income communities, has raised over €9 million in a growth round led by Puma Private Equity

  • The funding will be used to expand Pockit's user base and diversify its product suite

  • Pockit offers current accounts, international transfers, income advances, credit-building tools, and cashback rewards, aiming to provide financial empowerment to underserved communities.

      • ProblemFinancial Services

      "making financial services accessible to low-income and underserved communities in the UK who are excluded by traditional banking systems."

      Solution

      "offering a financial app that provides essential financial services such as current accounts, international transfers, income advances, credit-building tools, budgeting features, and cashback rewards."

      Covered on