Pokkit Score

Based in Western Cape, South Africa, and founded by Johan Koornhof in 2021, Pokkit Proprietary Limited operates as a financial service company offering a finTech platform to improve users' credit scores. The firm raised an investment led by Kaleo Ventures Fund I. The company focuses on enhancing financial health and empowering individuals to achieve their financial dreams, including improving credit scores and fostering better savings habits. Pokkit provides a service that reports users' payment histories to major credit bureaus such as TransUnion, Experian, XDS, CPB, and VeriCred.

The company's core product is the Pokkit Score Savings Voucher. Users can select an amount between R100 and R4000 per month to save, earning 7%+ interest through the Allan Gray Money Market Fund. By making consistent monthly payments, users build a positive payment history, which is crucial for improving credit scores. Pokkit's system allows users to redeem their savings after 12 months or cash out after three months with regular payments through the Stretch feature.

  Pokkit generates revenue by offering products such as Pokkit Score for a fee of ZAR 15 per month, Pokkit Stretch at the charge of 2% of the withdrawal amount, and an Early Redemption fee of ZAR 160.