mPokket
mPokket is a Kolkata-based app-based micro-lending platform that offers credit, insurance and career acceleration products to underserved Indian youth, including college students, working professionals and self-employed individuals, with small-ticket instant personal loans disbursed via its mobile app.
mPokket: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 5 Mar 2024 | Venture Debt | ₹500 Cr (~$60 Mn) | BPEA Credit | source |
| 22 Jan 2020 | Undisclosed | $2.24 Mn | source |
Recent Signals
-
5 Mar 2024 · growth-traction
mPokket has disbursed $1.7bn in loans to 24 million registered customers source
News on mPokket
No coverage of mPokket linked yet.
L Litmus · by Lapaas
Got an idea like this one? Validate it with the same 9-block framework, free.
Start Free ValidationFAQs on mPokket
Who founded mPokket?
mPokket was founded by Gaurav Jalan, Samarjit Choudhury in 2016.
How much funding has mPokket raised?
mPokket has raised $62.24 Mn across 2 tracked funding round(s), most recently on 2024-03-05. Figures are compiled from cited public sources.
Who are the investors in mPokket?
Investors in mPokket include BPEA Credit.
What does mPokket do?
mPokket is a Kolkata-based app-based micro-lending platform that offers credit, insurance and career acceleration products to underserved Indian youth, including college students, working professionals and self-employed individuals, with small-ticket instant personal loans disbursed via its mobile app.
Where is mPokket headquartered?
mPokket is headquartered in Kolkata, West Bengal, India.
What is mPokket's business model?
mPokket's core value proposition centers on Instant small-ticket credit with no income history needed, Fast, fully digital approval.
How does mPokket make money?
mPokket's cited revenue streams include Processing fees, Monthly interest on loans.