Pockit

This week is Debt Awareness Week, a time to break the stigma around financial struggles and encourage open, honest conversations about debt. We recently spoke to users of our ‘Fast Track to Credit’ credit builder, who shared the real-world impact the product has had on helping improve their credit scores, allowing them access to a wider range of financial services. The responses were overwhelmingly positive, with 86% of customers we surveyed saying they would recommend the product to friends and family. Warfa was unable to open an account with a high street bank due to a poor credit history and he had to rely on his parents for loans, which really harmed his confidence. Since using the ‘Fast Track to Credit’ credit builder, he’s found it straightforward and effective - and has already recommended it to friends. David’s poor credit score prevented him from getting a new phone contract. Since using the product, his credit score has steadily improved, which he hopes will help him access loans and the products he needs in the future. Financial inclusion is about giving people the tools to manage their money effectively and affordably. The ‘Fast Track to Credit’ credit builder helps customers do exactly that. #DebtAwarenessWeek #FinancialInclusion #CreditScore #FinancialWellbeing

It’s official: Pockit's Income Advance has been named the winner of the "Best Consumer Lending Product" award at this year's FinTech Breakthrough Awards! ?? ? The award recognises how Pockit is breaking through the fintech industry by tackling financial exclusion head-on. Our Income Advance product is an inclusive, easy-to-use product designed to help underserved consumers. It allows people to borrow money, starting at ￡50, which is automatically repaid from their next income instalment, allowing them to manage their cash flow without turning to unlicensed and high-cost short-term lenders.? ? We are delighted to be among this year's winners alongside industry leaders like Mastercard, Revolut, and Experian. A huge thank you to our customers and employees at Pockit, who have made this achievement possible. ? Check out the full list of winners here: https://lnkd.in/ekbrWxMh ? #FinTechBreakthrough #Pockit #FinancialInclusion #FinTech

I had the pleasure of recently speaking with Gautam Pillai , CFA, Head of Fintech Research at Peel Hunt, about Pockit and our future plans following the acquisition of Monese. ? Click below to watch the full video, where we discuss: ? The "why" behind Pockit's mission: how the idea for Pockit came from my personal experiences, where I saw first-hand how financial exclusion was a real challenge for many people. ? Customer acquisition: how Pockit's customer base is rapidly expanding, with 20,000 new accounts added per month - 60% of which come through word-of-mouth referrals. ? The acquisition of Monese: a game-changer for Pockit, rapidly expanding our customer base across Europe and allowing us to leverage Monese's regulatory infrastructure and technology platform for continued growth. #Fintech #FinancialInclusion #Neobank #Growth #Pockit

?? Exciting news! Pockit has been shortlisted for the ‘LendTech of the Year’ award at this year’s UK FinTech Awards. Our Income Advance product has been recognised for its impact in tackling financial exclusion and providing underbanked individuals with fair, accessible and responsible credit. With a flat fee and no hard credit checks, it focuses on serving underbanked individuals - a demographic often neglected by traditional lenders. According to a 2024 study, the number of loans extended to customers in the UK with the lowest credit ratings has fallen by over 75% since 2019. This makes our product desperately needed, preventing vulnerable individuals from turning to dangerous, unlicensed and high-cost short-term lenders. This recognition is a testament to the team’s hard work and dedication to building a fairer financial system. A huge thank you to our customers, partners and team! #FinancialInclusion #LendTech #Fintech #Pockit #Shortlisted

The past few months have been all about bringing Monese and Pockit together—not just in strategy, but in culture, teamwork, and shared ambition. As we integrate, the focus isn’t just on processes; it’s on people. From team visits to our office in Tallinn to cross-company collaboration, we’ve been breaking down silos, learning from each other, and building something greater than the sum of its parts. A huge thank you to everyone who has leaned in, shared ideas, and worked to make this transition smooth and inspiring. The future is bright—because we’re building it together. #Pockit #Monese #Collaboration #Integration

New data from KPMG shows that UK fintech investment fell by 27% in 2024, against the backdrop of tough economic conditions and organic growth becoming more difficult for fintech companies to achieve. ? That makes Pockit something of an outlier. We saw this challenging environment, with competitors scaling back their investment, as an opportunity to double down. Through our acquisition of Monese, we’ve significantly expanded our footprint, becoming the leading fintech for financially underserved and lower-middle-income consumers across the UK and Europe. ? For us, M&A is an important strategic complement to organic growth, allowing firms like ours to scale rapidly while enhancing their technological and regulatory infrastructure. As the fintech sector matures, we expect consolidation to become a major trend, led by those companies that are best placed to weather economic headwinds and can turn their focus to long-term growth. ? #Fintech #GrowthStrategy #Pockit #Monese #FinancialInclusion

Fraudsters are smart, and the rise of cryptocurrency has given them a new tool to exploit victims. As Jack Simpson highlights in this article in The Times (paywalled), the number of reported crimes involving crypto has more than doubled as scammers turn to Bitcoin and other digital assets to dupe their victims into fraudulent or even non-existent investment schemes, potentially costing them thousands of pounds. ? Once again, social media companies such as Facebook are often the starting point for these scams, demonstrating the need for these platforms to take more responsibility in identifying, reporting and blocking scammers using their sites. ? At Pockit and Monese, we’re taking a proactive stance against online fraud: ?Investing in the latest AI and technology to detect and prevent fraud in real-time. ?Educating our customers about how to spot the risk of scams before falling victim. ?Advocating for more accountability from social media companies, where so much of this fraud originates. ? #FraudPrevention #Crypto #SocialMedia

“This is a game-changing and transformational moment for the company” - Virraj Jatania, CEO of Pockit and Monese. Pockit is entering an exciting new chapter following the acquisition of Monese. We’re rapidly growing our customer base, have plans to expand our product offering, and will invest further in customer services and technology. Listen to Virraj’s interview below with Rupert West, Managing Director at Puma Growth Partners, where they discuss: ? The impact of the Monese acquisition ? Pockit’s strategic growth plans ? Pockit’s position in the evolving digital banking market

??We’re pleased to announce that we have formally completed our acquisition of Monese. We will continue to share exciting updates as our two businesses come together, becoming the leading fintech for the financially underserved across the UK & Europe. For now, we would like to thank all our colleagues across Pockit and Monese, our board members, our shareholders and our advisers for their hard work and support in getting this deal done. This is an exciting moment for Pockit, and we’re looking forward to driving innovation within the sector, alongside providing better experiences for our growing customer base. Stay tuned for more updates soon! ?? #FinancialInclusion #Fintech

Implementing robust customer authentication methods and enhancing security measures are vital in the fight against fraud. ? On Monday, Azy Shojaeian, Pockit's Group Chief Compliance & Risk Officer & MLRO, participated in a panel discussion on this important topic, sharing insights alongside other industry leaders.