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Power Law company profile

Pockit

Fintech · London, United Kingdom · Founded 2014

Pockit is a financial technology company based in the UK that offers a prepaid Mastercard and a current account. The company targets individuals who may have difficulty accessing traditional banking services, as it does not require a credit check for account opening. Pockit's business model is centered around its mobile-first platform, which allows users to manage their money through an app. The primary revenue stream for Pockit is likely derived from account fees, transaction fees, and potentially interchange fees from the use of their Mastercard. The company provides services such as sending and receiving money, direct debits, and international money transfers. Pockit operates in the competitive UK fintech market, serving a customer base that seeks accessible and straightforward financial products. Keywords: prepaid card, current account, financial technology, mobile banking, money management, international transfers, direct debits, no credit check, UK market, fintech