mPokket is an instant loan app that provides loans to college students and young working professionals.

Basic Information

Founded in 2016, Kolkata-based mPokket is an instant loan app that provides loans to college students and young working professionals. Borrowers can avail loans ranging from Rs. 500 to Rs. 20,000 and the amount is sent via instant credit to bank account or Paytm wallet. The borrowing limit will keep increasing over time based on multiple factors, including timely loan repayments. The company has more than 700,000 users registered as salaried professionals on its platform. One can choose to repay in up to 3 months along with a nominal interest charge. Their customers do not need to submit any physical documents or visit a branch to get instant personal loans. They just need to apply online on the mPokket mobile app. See more

Legal Name

:

mPokket

Headquarters

:

Kolkata, West Bengal, India

Founding Date

:

2016

No. of Employees

:

151 to 250

Core Team

:
1.

Gaurav Jalan

Founder & CEO

Funding

Total Funding

$6.2M

Investors

:

1.

VilCap Investments