UK fintech Pockit names Garreth Griffith as new COO
UK fintech Pockit, which aims to increase financial inclusion in the country through its digital account offering, has appointed Garreth Griffith as its new chief operating officer (COO).
Pockit appoints new COO
With a career spanning more than 25 years, Griffith joins Pockit from Habito, a fintech mortgage broker and home-buying service provider, where he served in the same role leading the firm’s operations, legal, financial, risk and compliance functions.
Prior to that, he held multiple senior leadership roles at UK-based consumer lender Wonga, serving primarily in the operations, risk and financial crime departments. He was also head of EU protections and UK risk management for PayPal, head of trust and safety for eBay UK, and head of consumer marketing for Amazon UK.
In his new role at Pockit, Griffith has been tasked with overseeing the company’s day-to-day operations and assisting in developing and delivering the next phase of its growth strategy, with the company looking to expand its customer base from its current 900,000 individuals in the UK. Pockit also plans to roll out new credit products and an advance income product.
Founded in 2014, Pockit offers digital accounts via a mobile app, with the ambition to “build a better banking alternative for customers left behind by high-street banks”. Its app enables users to store and spend money through a prepaid card, manage their finances and send money in the UK and abroad.
“Garreth brings a wealth of experience to the team and has a superb track record in delivering on the strategies and services of some of the biggest fintech and payments players in the market,” comments Virraj Jatania, CEO and co-founder of Pockit.
Adding to this, Griffith says Pockit “has a crucially important role to play in furthering financial inclusion and supporting those trying to build their financial resilience”.
In August, the fintech company raised $10 million as part of a growth funding round led by Puma Private Equity, taking its total funding up to $50 million to date.
