mPokket funding, investors and company details
mPokket is an emerging Banking and Finance - FinTech startup from Bengaluru, working in the space of FinTech – Digital Consumer Lending / NBFC (Non-Banking Financial Services) / Short-term Personal Loan Platform. Founded by Gaurav Jalan.
- Company: mPokket Financial Services Private Limited
- Sector: Banking and Finance - FinTech
- Location: Bengaluru
- Founders: Gaurav Jalan
- Total funding raised: ₹500.1 Cr
Company overview
mPokket, is a fintech company that offers instant small-ticket personal loans primarily to college students, first-time borrowers, and young salaried professionals. Operating through a completely digital mobile application, the company enables users to complete registration, verification, credit assessment, approval, and disbursal within a short time frame. It caters to short-term financial needs such as tuition fees, rent, utility bills, travel, and emergency expenses. The platform leverages data analytics, alternative credit scoring models, and technology-driven underwriting to assess borrowers who may not have a formal credit history. Loan amounts are generally small with short repayment tenures, making them accessible and manageable for students and early-career individuals. The company earns revenue through interest income, processing fees, and other service charges. With operations across multiple cities in India, mPokket focuses on financial inclusion by bridging the credit gap for underserved youth segments. Its business model emphasizes speed, convenience, minimal documentation, and a seamless digital user experience.
Funding rounds
- Latest round: $ 60.00 Mn (₹500.10 Cr.), 2024-03-06. Investors: BPEA Credit