About mPokket
mPokket is a company based in Kolkata (India) founded in 2016 by Gaurav Jalan. mPokket has raised $7.77 million across 5 funding rounds from investors including BPEA Credit, Lotus Microfinance and Pashupati Vanijya. The company has 2,229 employees as of April 06, 2024. mPokket offers products and services including Instant Loan App and Personal Loan. mPokket operates in a competitive market with competitors including Kissht, Branch, Stashfin, Finnable and Money View, among others.
- Headquarter Kolkata, India
- Employees 2229 as on 06 Apr, 2024
- Founders Gaurav Jalan
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Mpokket Financial Services Pvt. Ltd.
- Jurisdiction Kolkata, West Bengal, India
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Annual Revenue
$22.07 M (USD)86731.81as on Mar 31, 2022
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Net Profit
$5.28 M (USD)74652.95as on Mar 31, 2022
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EBITDA
$11.11 M (USD)40890247.53as on Mar 31, 2022
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Total Equity Funding
$7.77 M (USD)
in 5 rounds
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Latest Funding Round
$60.31 M (USD), Debt – Conventional
Mar 05, 2024
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Investors
BPEA Credit
& 14 more
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Employee Count
2229
as on Apr 06, 2024
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Products & Services of mPokket
mPokket offers a comprehensive portfolio of products and services, including Instant Loan App and Personal Loan.
App for quick personal loan applications and disbursements
Loans for students and professionals with flexible repayment options
People of mPokket
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Funding Insights of mPokket
mPokket has successfully raised a total of $7.77M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $60.31 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in mPokket
mPokket has secured backing from 15 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include BPEA Credit, Lotus Microfinance and Pashupati Vanijya.
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Private debt funds focused on middle-market businesses
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Venture capital firm focused on fintech
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Venture capital funding is directed toward fintech and diverse sectors.
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Investor details for mPokket
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Investments & Acquisitions by mPokket
Investment portfolio details for mPokket
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Financial Statements - mPokket
Detailed financials for mPokket
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Mpokket Comparisons
Peer comparison for mPokket
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Competitors of mPokket
mPokket operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kissht, Branch, Stashfin, Finnable and Money View, among others.
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Personal, business, and property loans are provided by Kissht.
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Branch is focused on providing faster workforce payment solutions.
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Digital lending and instant credit lines are provided to individuals.
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Online personal loans with minimal documentation are offered digitally.
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Loans, credit cards, gold investments, insurance, and UPI are provided.
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Online instant personal loans are provided to salaried professionals.
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Detailed competitors of mPokket
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Latest news on Mpokket
Complete news archive for mPokket
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Frequently Asked Questions about mPokket
mPokket was founded in 2016 and raised its 1st funding round 1 year after it was founded.
mPokket is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Gaurav Jalan is the current CEO of mPokket. They have also founded this company.
mPokket is a funded company, having raised a total of $7.77M across 5 funding rounds to date.
As of Apr 06, 2024, the latest employee count at mPokket is 2,229.
Annual revenue of mPokket is $22.07M as on Mar 31, 2022.
mPokket was founded in 2016 and is headquartered in Kolkata, India. A digital lending platform is operated, focusing on the fintech sector to deliver instant personal loans. Financial solutions are provided to underserved youth through a user-friendly mobile application. Operations emphasize accessibility for young borrowers in India, with services tailored to quick credit needs in emerging markets.
mPokket's top competitors include Stashfin, Money View and LendenClub.
mPokket offers Instant Loan App and Personal Loan.
mPokket has 15 investors. Key investors include BPEA Credit, Lotus Microfinance, Pashupati Vanijya, Popular Consortium, and Mohan Kumar.
The valuation of mPokket is $74.52M as of Jan 2020.