PocketATM funding, investors and company details

PocketATM is an emerging Banking and Finance - FinTech startup from Mumbai, working in the space of Digital financial inclusion, QR‑based cash withdrawal services, and retail‑embedded payment solutions. Founded by Mihir Mehta, Sushil Kurri.

Company: Optimoney Technologies Private Limited
Sector: Banking and Finance - FinTech
Location: Mumbai
Founders: Mihir Mehta, Sushil Kurri
Total funding raised: ₹3.32 Cr

Company overview

PocketATM is an Indian fintech platform that reimagines cash accessibility by leveraging the idle cash liquidity available at local Kirana (grocery) stores and turning them into convenient points for cash withdrawal using QR codes over UPI. Instead of relying solely on traditional ATM machines and cards, the platform enables users to withdraw cash from participating stores by scanning a QR code, with transactions processed over UPI at minimal or zero charges — improving convenience and reducing dependency on conventional ATMs. PocketATM aims to decentralize cash flow, enhance retail cash management, and provide a seamless cash withdrawal experience while offering merchants an opportunity to better utilize surplus cash and integrate financial services into everyday commerce. It is operational in cities like Mumbai and Navi Mumbai and is expanding gradually

Funding rounds

Latest round (Pre-Seed): $ 0.40 Mn (₹3.32 Cr.), 2024-02-14. Investors: Indian Express Commercial, Samir Modi (Modi Care), Himanshu Nautiyal (Fractal Analytics), Nirav Mehta (Morgan Stanley Private Equity), Hemant Adarkar (Artha Center), Venkatesh Vijayaraghavan, Rajat Agarwal (Vertices Partners)