Pockit Secures £10 Million to Bridge the Gap in Financial Inclusion

We are excited to announce that Pockit has successfully raised £10 million in its latest funding round, a significant boost in our mission to empower the millions of individuals in the UK who remain unbanked. With over a million people lacking access to traditional current accounts, Pockit recognizes the urgent need for accessible financial services that cater to this often-overlooked demographic. Our innovative approach provides low-cost banking solutions, enabling users to enjoy the benefits of digital financial management—such as internet shopping, budgeting, and saving—without the typical barriers imposed by conventional banks. The funds raised will be instrumental in enhancing our technological platform and expanding our outreach to those currently shut out from vital banking services. According to our reports, individuals without current accounts face additional financial stress, paying up to £485 more annually on essentials such as energy bills, phone contracts, and loans. With this new capital, we aim to develop features that promote financial literacy and inclusion, ultimately reducing these hidden costs. By leveraging our resources, we plan to create tailored offerings that empower users to take control of their finances, helping them transition into a more stable and prosperous financial future. As we move forward, we remain committed to breaking down financial barriers and ensuring that everyone in the UK has access to the tools they need for a brighter financial tomorrow.