Pockit: The Fintech App Empowering Low-Income Communities Raises $10M

Fintech app for low-income and underserved communities, Pockit has raised $10 million in a growth round. Initially a prepaid card the UK-based fintech has moved its offering to include a ‘prepaid account’ from which customers can ‘send and receive money internationally, set up direct debits, deposit and withdraw cash in 27,000 stores across the UK, make online and in-store purchases, and even get an advance on their salary’. Phew, what can’t it do? It stresses it is not a bank!