North East Development Capital Fund
Pockit is a Fintech platform that provides accessible current accounts and debit card for customers via the Pockit app. The Pockit app and account are designed to act in the same way as a high street bank account aiming to increase financial inclusion for individuals who have poor access to regular high street banking products. The mobile first Fintech aims to make “money simple” for customers with specifically tailored services, such as helping customers to build their credit score through its Pockit LOQBOX product or enabling customers to send money internationally through its remittance functionality, which is powered by Transferwise.
With the UK government being dedicated to improving financial inclusion and access to financial services for all of the population, the Pockit platform has created a provision for vulnerable consumers with poor access to financial products and offers those customers a more bespoke and personalized experience.
We are excited about our expansion into Newcastle, which is one of the most vibrant cities in the United Kingdom. We are looking forward to our partnership with Maven who are one of the leading investors in the United Kingdom and will be a strong partner in the years to come.
Virraj Jatania, Founder of Pockit
Meet the lead executive(s)
Senior Investment Manager