Pockit Blog

Pockit in the news

Pockit announces new funding round

August 3, 2023

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Pockit in the News

🚀 We’re thrilled to announce that Pockit has raised $10 million in a growth round from some amazing new partners, Puma Private Equity, and The North East Development Capital Fund, managed by Maven Capital Partners and supported by the European Regional Development Fund.

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Inclusive fintech company Pockit completes £15 million fundraising, and announces partnership with Railsbank

December 3, 2020

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Pockit in the News

Pockit, the inclusive FinTech company focussed on customers who are excluded and underserved by high street banks, announces today that it has a £15 million Series B funding round from existing investors and some new investors. In order to provide a unique opportunity for its growing base of customers and supporters to invest in the business, part of this round includes a crowdfunding round of £500,000.

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Why we chose Crowdcube?

December 1, 2020

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Pockit in the News

As Pockit was built with the mission of driving accessibility to better financial services, we’ve always wanted to be able to give the opportunity to our customers to become investors in our business and own a part of our company.Crowdfunding would not only enable our customers to become investors and help us build and shape our products and services but to many, it would be the first time they would be able to make an investment of this kind by investing as little as £10.

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Meet the new Pockit Card — brighter, bolder and available now!

November 22, 2019

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Pockit in the News

This is the 4th update to the Pockit Card since 2014 and it’s a big one that we are particularly excited about! But just as you should never judge a book by its cover, the bold new look Pockit Card does not change how your Pockit account works, or how you pay with your card.

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The Pockit Card is issued by PSI-Pay Ltd pursuant to a license by Mastercard® International Inc. Funds held within the Pockit account are issued by PSI-Pay Ltd, authorised and regulated by the Financial Conduct Authority of the United Kingdom under the Electronic Money Regulations 2011 (FRN 900011) for the issuing of electronic money.

Access to payments including FPS, BACS, CHAPS and Direct Debits and associated electronic money accounts are provided by Modulr FS Limited. Pockit Limited is a distributor of Modulr FS Limited, a company Modulr FS Limited, a company registered in England and Wales with company number 09897919, which is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573) for the issuance of electronic money and payment services.

Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme (FSCS) funds will be held in one or more segregated accounts and safeguarded in line with the Electronic Money Regulations 2011 – for more information please see UK Safeguarding Explanation.

UK Safeguarding Explanation
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