Pockit
- 07/08/2023
- Unknown
- $10,000,000
Over a million people in the UK still don't have a current account - they have often
been ignored by traditional financial services and miss out on what many consider an everyday norm, such as internet shopping. In this report we show that these people are having to pay up to an additional £485 per year through higher energy bills, phone contracts and more expensive loans - simply because they don't have a current account.
- Industry Financial Services
- Website https://www.pockit.com/
- LinkedIn https://www.linkedin.com/company/pockit/about/
Related People
Virraj J.Co Founder
Co-founder & CEO of Pockit, www.pockit.com, Pockit is a digital banking alternative for unbanked, underserved and low income consumers in the UK. We do this by providing customers with a bank account from which they can make payments, manage their money and customers get a card that runs off MasterCard so they can transact online and offline. Customers can have their salary or government benefits paid into their Pockit account or deposit cash into our accounts in 28,000 stores across the UK. We also help our customers to save money through partnerships with retailers who offer our customers cashback on their purchases in-store and online when they use their Pockit card.
As CEO, I spend my time setting the strategic vision for Pockit, managing key relationships with partners, developing our product and building an awesome team.
I am part of the 2nd generation of The Lornamead Group, a multi-national company in the cosmetics and personal care space. Lornamead was a market leader in buying heritage brands from major multi national companies, such as Unilever and P&G, the strategy was to revitalise those brands to increase their value and then sell them on. This business was co-founded by my father, Danny Jatania and after a few successful exits in 2010 & 2011 the entire group was eventually sold to Hong Kong based conglomerate Li & Fung.