About PocketApp
PocketApp is a company based in Lagos (Nigeria) founded in 2019 by Dare Adekoya and Muheez Akanni was acquired by PiggyVest in November 2021.. PocketApp offers products and services including Money Transfers, Virtual and Physical Cards, Groups, and Shops. PocketApp operates in a competitive market with competitors including Paytm, MoneyGram, OPay, Xend Finance and Thank U Cash, among others.
- Headquarter Lagos, Nigeria
- Founders Dare Adekoya, Muheez Akanni
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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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Products & Services of PocketApp
PocketApp offers a comprehensive portfolio of products and services, including Money Transfers, Virtual and Physical Cards, Groups, and Shops. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for quick sending and receiving of funds.
Tools for online and physical payment flexibility.
Feature for tracking shared expenses with permissions.
Platform for entrepreneurs to manage online orders.
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Funding Insights of PocketApp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in PocketApp
PocketApp has secured backing from 1 investor. Prominent investors backing the company include PiggyVest. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Savings and investment goals are managed via an online platform.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PocketApp
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PocketApp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pocketapp Comparisons
Competitors of PocketApp
PocketApp 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 Paytm, MoneyGram, OPay, Xend Finance and Thank U Cash, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Digital payments, financial services, and e-commerce platforms are provided.
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| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Wallet-enabled payments are facilitated for consumers and businesses.
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| domain | founded_year | HQ Location |
DeFi savings are enabled for credit unions and cooperatives.
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| domain | founded_year | HQ Location |
Reward-based digital wallet for secure consumer payments.
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| domain | founded_year | HQ Location |
An app-based digital wallet providing payment solutions for individuals and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about PocketApp
When was PocketApp founded?
PocketApp was founded in 2019.
Where is PocketApp located?
PocketApp is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of PocketApp?
Dare Adekoya is the current CEO of PocketApp. They have also founded this company.
What does PocketApp do?
Pocket App is a social commerce app that allows users to send and receive money for free. It is licensed by the CBN for sending, receiving, and managing money. The app also offers a mobile money wallet and allows users to shop, sell, pay, and get paid in Nigeria.
Who are the top competitors of PocketApp?
What products or services does PocketApp offer?
PocketApp offers Money Transfers, Virtual and Physical Cards, Groups, and Shops.
Who are PocketApp's investors?
PocketApp has 1 investor. Key investors include PiggyVest.