mPokket
Instant loan ANYTIME.... ANYWHERE
Instant loan ANYTIME.... ANYWHERE
mPokket is an app-based digital lender with the slogan "Instant loan ANYTIME.... ANYWHERE". Founded in 2016 and headquartered in India, mPokket targets the underserved youth of India by providing instant personal loans to college students, salaried professionals, gig workers, and self-employed individuals. By using alternate data and advanced AI and machine learning based underwriting models, mPokket is able to cater to individuals with limited or no credit history.
One of mPokket's notable investments includes an INR5.00B Debt Financing investment at 05 March 2024 led by BPEA Credit. This investment reflects a vote of confidence in mPokket's innovative approach to lending and its potential for growth in the Indian financial services market.
With its focus on leveraging technology and data-driven decision-making, mPokket is well-positioned to meet the evolving borrowing needs of the Indian youth and tap into the vast potential of the personal lending market.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Debt Financing | INR5.00B | 1 | BPEA Credit | 05 Mar 2024 |
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