London based digital banking app focused on underserved customers raised $20m in Series B funding from investors including Concentric, Jatania Family, Harold Mechleynck, Perscitus and Sir Alex Ferguson.
Virraj Jatania CEO & Founder of Pockit, said that launching a crowdfunding offering has been an ambition for his company for some time: “Since its launch Pockit has helped over half a million customers to take control of their financial affairs, many of whom never previously had a current account that let them shop online or make contactless payments. The time to accelerate is right now; the COVID recession and the end of furlough schemes will disproportionately affect the financially underserved. Some 12 million people in the UK need a solution urgently, and we believe Pockit is that solution.”