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Pockit, an all-in-one financial services app in UK, lands $10m

By Gloria Methri

August 04, 2023

  • and The North East Development Capital Fund
  • European Regional Development Fund
  • Financial Services
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Pockit, FinTech, Puma Private Equity, and The North East Development Capital Fund, Financial Services, Maven Capital Partners, European Regional Development Fund, FinTech Investment, UKPockit has raised $10 million in a growth round led by Puma Private Equity, and The North East Development Capital Fund, managed by Maven Capital Partners and supported by the European Regional Development Fund.

Pockit was founded in 2014 with a mission to build a better banking alternative for customers left behind by high street banks. Not just providing essential financial tools to low-income and underserved communities, but empowering them to achieve financial stability and growth. Today, more than 800k people across the UK trust Pockit to provide vital financial services.

The latest investment will fuel the company’s efforts to expand its services, reach more customers, and make a greater impact on the lives of those who need it most.

“We are excited to welcome a new investor in Puma Private Equity and grateful for the continued support of our existing shareholders, including Maven Capital Partners who participated in this round. Their shared vision and dedication to supporting initiatives that bring positive change align perfectly with our mission. Their expertise and experience in the investment world will undoubtedly add tremendous value to our journey ahead,” Pockit said in a statement.

“We are excited about the future as we work towards becoming the global financial champion for the underserved. Together with Puma Private Equity, Maven Capital Partners, our existing investors, and all our customers, we are writing the next chapter of Pockit’s success story,” it added.

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