Pockit Limited
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Pockit Limited - overview
Established
2010
Location
Cardiff, Wales, UK
Primary Industry
Financial Services
About
Based in the UK, Pockit Limited operates as a provider of innovative financial solutions, offering users a prepaid Mastercard® and a digital account tailored for simplified money management. Pockit Limited is a financial services company offering prepaid accounts and card solutions. Founded in 2014 in Cardiff, UK, by CEO Virraj Jatania. In May 2026, Pockit Limited raised GBP 13.
4 million in venture funding co-led by Concentric and Puma Investments. Pockit offers a suite of financial solutions centered around a prepaid Mastercard® and a user-friendly digital account. Users can manage their finances without traditional banking, accessing features like an Income Advance service for cash advances of GBP 50 and a Credit Builder plan to enhance credit scores. Targeting individuals with limited credit histories and newcomers to the UK, Pockit serves a diverse clientele looking for straightforward banking solutions.
In the most recent year, Pockit reported a revenue of GBP 5,629,571. 90. The company generates income through transaction fees and flat service charges for its offerings, enabling customers to enjoy cashback rewards and access funds transparently through services like the Income Advance. The company plans to utilize the May 2026 funding to expand its digital banking services for underserved and financially excluded customers in the UK.
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, FinTech, FinTech, Mobile Apps
Company Stage
Growth Stage/Expansion
Total Amount Raised
Subscriber access only
Pockit Limited - timeline of key events
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 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 463,818 | 1,091,472 | 1,890,669 | 2,321,026 | 2,684,493 | 4,092,292 | - | - | - |
| % Revenue Growth (YoY) | - | 135.3% | 73.2% | 22.8% | 15.7% | 52.4% | - | - | - |
| EBITDA (USD) | (2,374,816) | (4,669,594) | (4,888,023) | (4,477,666) | (2,450,774) | (1,136,980) | - | - | - |
| Operating Income (USD) | (2,455,909) | (4,820,388) | (5,125,530) | (5,121,020) | (3,254,470) | (1,772,440) | - | - | - |
| Operating Margin | (529.5%) | (441.6%) | (271.1%) | (220.6%) | (121.2%) | (43.3%) | - | - | - |
| % EBITDA Margin | (512.0%) | (427.8%) | (258.5%) | (192.9%) | (91.3%) | (27.8%) | - | - | - |
| NET Income (USD) | (2,457,735) | (4,762,748) | (5,019,689) | (4,863,351) | (3,490,480) | (2,293,999) | - | - | - |
| % Net Margin | (529.9%) | (436.4%) | (265.5%) | (209.5%) | (130.0%) | (56.1%) | - | - | - |
Pockit Limited - employee data
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