Pockit’s Virraj Jatania: How he got through a crisis “out of our control”
Update: 2024-02-19
Description
On this episode of How to be a CEO we’re continuing our series looking at start-up success stories.
Pockit is a London-based fintech, serving customers left behind by mainstream banks. It was launched in 2014, has more than 900 thousand customers, and last summer it raised ten million dollars in funding – but it hasn’t been all plain sailing.
Its CEO Virraj Jatania spoke to the Evening Standard’s business editor, Jonathan Prynn about:
- How Virraj’s childhood growing up in a family business shaped his entrepreneurship
- Why seeing the struggles of people restricted from mainstream banking made him want to launch Pockit
- The chance meeting with Sir Alex Ferguson that led to him becoming an early investor
- How his role as CEO changed as the company scaled up
- What happened when a big funding round collapsed just as the pandemic arrived
- How the Wirecard scandal led to a crisis at Pockit
- The “two primary objectives” he has for the company’s future
How to be a CEO drops every second Monday. Hit your follow button to make sure you don’t miss an episode. You can read more from Jonathan Prynn at standard.co.uk/business
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