Rupert West comment on Pockit

“Pockit plays an important role in society by serving a low-income customer base that often struggles to access financial services. It’s vital that support is given to these underserved communities, especially in the current economic climate. We expect Pockit’s services will become increasingly important in tackling financial exclusion, and we’re therefore proud to invest in the business’ development.

“We see huge potential in the business. It has a highly scalable business model, and high level of organic customer acquisition. It has a customer-focussed approach and a targeted customer demographic meaning it can make informed decisions based on their specific needs. This deal continues our track record of supporting companies with growth potential, and we look forward to working closely with the team to achieve their goals.”