Pockit bags £15m in Series B round partially raised on Crowdcube

UK-based FinTech startup Pockit has netted £15m in a new Series B round, partially via a Crowdcube raise.

The crowdfunding campaign represented £500,000 of the investment and the rest were supplemented by money form existing and new investors.

“Launching a crowdfunding campaign has been an ambition of ours for some time,” said Virraj Jatania CEO and founder of Pockit. “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.

“This investment round provides the perfect opportunity for our loyal customers to join our established investors and own a piece of Pockit.”

The round brings the total funding secured by Pockit to date to £27m.

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