Pockit

OverviewSuggest Edit

Pockit is a company that offers prepaid cards for residents in the United Kingdom. It provides an online account that allows customers to have their wages and benefits paid indirectly, as well as by debit card and bank transfer and an iPhone and Android mobile application for customers to manage their money on-the-go and at any time. 

TypePrivate
Founded2014
HQLondon, GBMap
Websitepockit.com
Employee Ratings4.1More

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2020)35(-10%)
Revenue (FY, 2017)£1.1 M
Cybersecurity ratingAMore

Key People/Management at Pockit

Virraj Jatania

Virraj Jatania

CEO
Sameer Vartak

Sameer Vartak

CTO
Ben Sanders

Ben Sanders

COO
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Pockit Office Locations

Pockit has an office in London
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Pockit Financials and Metrics

Summary Metrics

Founding Date

2014

Pockit total Funding

$35.2 m

Pockit latest funding size

$19.61 m

Time since last funding

a month ago

Pockit investors

Jon Moulton, Denis Shafranik, Ian Langley, Mark Newton-Jones, Simon Barklem, Sir Alex Ferguson, Belcube, Future Fund, Concentric
Pockit's latest funding round in December 2020 was reported to be $19.6 m. In total, Pockit has raised $35.2 m
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Pockit Revenue

Pockit's revenue was reported to be £1.09 m in FY, 2017
GBP

Revenue (FY, 2017)

1.1m

Gross profit (FY, 2017)

(317.1k)

Gross profit margin (FY, 2017), %

(29.1%)

Net income (FY, 2017)

(4.8m)

EBIT (FY, 2017)

(4.8m)

Cash (31-Dec-2017)

254.0
GBPFY, 2017

Revenue

1.1m

Cost of goods sold

1.4m

Gross profit

(317.1k)

Gross profit Margin, %

(29%)
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GBPFY, 2015FY, 2016FY, 2017

Cash

463.01.3m254.0

Accounts Receivable

166.5k105.0k28.2k

Inventories

25.7k

Current Assets

192.7k1.6m559.3k
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GBPFY, 2015

Financial Leverage

-1.3 x
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Pockit Operating Metrics

Pockit's Users was reported to be 150 k in Apr, 2017.
Apr, 2017

Users

150 k
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Pockit Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

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Pockit Online and Social Media Presence

Pockit's Trends

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Pockit News and Updates

December 14, 2020

Pockit teams up with TransferWise

Pockit, the inclusive FinTech company focussed on customers who are excluded and underserved by high street banks, announces today that it has formed a new partnership with TransferWise, the global technology company that is building the best way to move money around the world.
December 03, 2020

UK-based fintech startup Pockit raises £15 million Series B round, partners with Railsbank

Pockit, the 6-year-old London-based fintech business that focuses on providing financial services primarily to customers who are typically excluded or at least underserved by high street banks, has secured a £15 million Series B funding round from existing and new investors. That’s not the only thin…
December 03, 2020

UK fintech Pockit raises £15 million

Pockit, a UK fintech that provides financial services to underserved customers, has raised £15 million, including £500,000 from a Future Fund-backed crowdfunding campaign.
November 29, 2019

Meet Pockit, The Fintech Swiftly Becoming The One-Stop-Shop For The Unbanked

I spoke to Virraj Jatania, Co-Founder and CEO of Pockit, about how he is leveraging the business knowledge cultivated at a young age after working for his family business to provide an alternative banking platform that spearheads social change and serves those who are unbanked in the U.K.
March 19, 2018

Pockit Loqbox promises to help the UK’s ‘unbanked’ improve their credit score

Building up your credit history or improving your credit score often presents somewhat of a catch-22 situation. You’ll need to take out some form of credit to do so, such as a loan or credit card, but if your score is too low or your history too chequered, you’ll typically be offered a very bad […]

 Pockit Frequently Asked Questions

  • When was Pockit founded?

    Pockit was founded in 2014.

  • Who are Pockit key executives?

    Pockit's key executives are Virraj Jatania, Sameer Vartak and Ben Sanders.

  • How many employees does Pockit have?

    Pockit has 35 employees.

  • What is Pockit revenue?

    Latest Pockit annual revenue is £1.1 m.

  • What is Pockit revenue per employee?

    Latest Pockit revenue per employee is £31.2 k.

  • Who are Pockit competitors?

    Competitors of Pockit include Prosupply, SynapseFI and Hypur.

  • Where are Pockit offices?

    Pockit has an office in London.

  • How many offices does Pockit have?

    Pockit has 1 office.