About Pockit
Pockit is a company based in London (United Kingdom) founded in 2010 by Bharat Kumar Jatania.. Pockit has raised $48.65 million across 10 funding rounds from investors including Maven Capital Partners, Puma Growth Partners and The North East Development Capital Fund. The company has 34 employees as of December 31, 2023. Pockit has completed 1 acquisition, including Monese. Pockit operates in a competitive market with competitors including Wirex, Glint, Dzing, Cosmo Payment and Insignia, among others.
- Headquarter London, United Kingdom
- Employees 34 as on 31 Dec, 2023
- Founders Bharat Kumar Jatania
- 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 Pockit Limited
- Date of Incorporation 15 Feb, 2010
- Jurisdiction CARDIFF, WALES
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Annual Revenue
$3.45 M (USD)16as on Dec 31, 2020
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Net Profit
$-3.16 M (USD)34as on Dec 31, 2021
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EBITDA
$-3.24 M (USD)36as on Dec 31, 2021
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Total Equity Funding
$48.65 M (USD)
in 10 rounds
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Latest Funding Round
$10 M (USD), Series C
Aug 03, 2023
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Investors
Maven Capital Partners
& 7 more
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Employee Count
34
as on Dec 31, 2023
- Investments & Acquisitions
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Funding Insights of Pockit
Pockit has successfully raised a total of $48.65M across 10 strategic funding rounds. The most recent funding activity was a Series C round of $10 million completed in August 2023. 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.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series C — $10.0M
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First Round
First Round
(19 Jul 2013)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series C - Pockit | Valuation | Puma Private Equity | |
| Feb, 2021 | Amount | Series B - Pockit | Valuation | Maven Capital Partners |
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| Jun, 2020 | Amount | Series B - Pockit | Valuation |
investors |
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| 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 |
Investors in Pockit
Pockit has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Maven Capital Partners, Puma Growth Partners and The North East Development Capital Fund. 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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Private equity investments are made to support growing businesses.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Multiple sectors are targeted for private equity investments.
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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 Pockit
Pockit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Monese. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Digital banking services are offered to individuals and businesses.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Pockit
| 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 |
Pockit Comparisons
Competitors of Pockit
Pockit 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 Wirex, Glint, Dzing, Cosmo Payment and Insignia, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based wallet for cryptocurrencies and traditional currencies is provided.
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| domain | founded_year | HQ Location |
Mobile wallet for gold investments and currency transactions is operated.
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| domain | founded_year | HQ Location |
Virtual cards are issued for payments and currency transfers.
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| domain | founded_year | HQ Location |
Global platform for receiving payments, debit cards, and bank transfers.
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| domain | founded_year | HQ Location |
Payment and luxury lifestyle management services are provided by Insignia.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Pockit
Frequently Asked Questions about Pockit
When was Pockit founded?
Pockit was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Where is Pockit located?
Pockit is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Pockit a funded company?
Pockit is a funded company, having raised a total of $48.65M across 10 funding rounds to date. The company's 1st funding round was a Series B of $20.06M, raised on Jul 19, 2013.
How many employees does Pockit have?
As of Dec 31, 2023, the latest employee count at Pockit is 34.
What is the annual revenue of Pockit?
Annual revenue of Pockit is $3.45M as on Dec 31, 2020.
What does Pockit do?
Pockit was established in 2010 in London, United Kingdom, within the fintech sector. Debit cards are supplied to consumers for conducting money transfers, cash withdrawals, and both online and offline payments. An associated account is maintained for tracking expenses and supporting credit building. Services are delivered through digital platforms to facilitate everyday financial management across the region.
How many acquisitions has Pockit made?
Pockit has made 1 acquisition, including Monese.
Who are Pockit's investors?
Pockit has 8 investors. Key investors include Maven Capital Partners, Puma Growth Partners, The North East Development Capital Fund, Harold Mechelynck, and Mark Newton-Jones.
What is Pockit's valuation?
The valuation of Pockit is $61.55M as of Jun 2020.