Pockit, the fintech innovator, has brought esteemed ex-Mastercard CEO Gene Lockhart onto its board to spearhead its strategic expansion. This move underscores Pockit’s ambition to become a key financial services provider for the unbanked demographic. Alongside Lockhart, Malcolm Le May, former CEO of Vanquis Banking Group, joins the board, further bolstering Pockit’s corporate governance.
- With an eye on expansion, Pockit is enhancing its leadership team to fuel its growth strategy.
- Gene Lockhart’s appointment highlights Pockit’s commitment to leveraging industry expertise for expansion.
- The acquisition of Monese marks a significant milestone in Pockit’s growth journey, broadening its user base.
- Pockit’s focus on addressing the needs of the unbanked community remains central to its mission.
Pockit, a forward-thinking fintech company, has appointed esteemed former Mastercard International president and CEO, Gene Lockhart, to its board. This strategic move is part of Pockit’s plan to enhance its capacity to address the needs of those without access to traditional banking services, commonly referred to as the ‘unbanked’. By bringing on board seasoned industry leaders, Pockit aims to solidify its position as a major player in the financial services sector for this underserved demographic.
In a significant alignment of leadership and vision, Gene Lockhart joins Pockit alongside Malcolm Le May, who formerly served as CEO and executive chairman at the Vanquis Banking Group. Lockhart’s extensive experience, including his tenure as president of global retail banking at Bank of America and CEO of Midland Bank, brings invaluable insights into Pockit’s boardroom. These appointments occur contemporaneously with Pockit’s acquisition of Monese, a move that significantly expands its customer base.
Pockit’s recent acquisition of Monese, a company boasting approximately three million users, provides a strong impetus for its growth narrative. This acquisition followed the establishment of a debt agreement between the two entities in September, which has strategically positioned Pockit to leverage Monese’s resources and user base. The founder and CEO of Pockit, Virraj Jatania, describes this as a transformational period, inviting real growth opportunities.
Malcolm Le May’s perspectives align with Pockit’s mission to offer crucial financial services to individuals often excluded from such opportunities. He articulated Pockit’s aim of providing essential financial products to those who might otherwise face exclusion from vital services. This sentiment is echoed by Lockhart, who recognises Pockit’s substantial potential for future growth and expresses his eagerness to contribute to this trajectory.
Pockit’s strategic board appointments and acquisition of Monese highlight its commitment to expansion and addressing the financial needs of the unbanked.
