Pockit Limited
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Pockit Limited - overview
Established
2010
Location
Cardiff, -, UK
Primary Industry
Financial Services
About
Based in London, UK, and founded in 2010, Pockit Limited is a fintech that offers a current account with a pre-paid debit card, international money transfers, and direct debits to its users. Virraj Jatania is the founder and CEO of the company. In August 2023, Pockit Limited raised EUR 9 million in growth funding led by Puma Private Equity, with participation from North East Fund. In October 2024, Puma Private Equity led a GBP 15 million in venture funding for Pockit Limited.
The company provides a contactless prepaid Mastercard with which customers can send and receive money and make payments online and in-store. The company platform allows users to send money abroad to over 29 countries through Pockit accounts. The company offers a 'loqbox' feature to users with their Pocket account that helps users improve credit scores. The Pockit account also offers cashback when shopping, direct deposits, etc.
Current Investors
Concentric, Perscitus LLP, Maven VCT
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.pockit.com/
Verticals
FinTech, FinTech, FinTech, Mobile Apps
Company Stage
Growth Stage/Expansion
Total Amount Raised
Subscriber access only
Pockit Limited - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 463,818 | 1,091,472 | 1,890,669 | 2,321,026 | 2,684,493 | - | - | - |
| % Revenue Growth (YoY) | - | 135.3% | 73.2% | 22.8% | 15.7% | - | - | - |
| EBITDA (USD) | (2,374,816) | (4,669,594) | (4,888,023) | (4,477,666) | (2,450,774) | - | - | - |
| Operating Income (USD) | (2,455,909) | (4,820,388) | (5,125,530) | (5,121,020) | (3,254,470) | - | - | - |
| Operating Margin | (529.5%) | (441.6%) | (271.1%) | (220.6%) | (121.2%) | - | - | - |
| % EBITDA Margin | (512.0%) | (427.8%) | (258.5%) | (192.9%) | (91.3%) | - | - | - |
| NET Income (USD) | (2,457,735) | (4,762,748) | (5,019,689) | (4,863,351) | (3,490,480) | - | - | - |
| % Net Margin | (529.9%) | (436.4%) | (265.5%) | (209.5%) | (130.0%) | - | - | - |
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