Private Equity

PE Fund Investments

Lending platform mPokket raises Rs.500-Cr from BPEA Credit

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Lending platform mPokket has raised INR 500 crore in debt capital, including a green shoe option, from BPEA Credit's private credit platform. mPokket plans to use the funds to meet the rising credit demand from customers and accelerate product development in the career acceleration and insurance verticals.Founded in December 2016, mPokket has disbursed loans worth USD 1.7 billion to date using proprietary underwriting algorithms. The company has 24 million registered customers and focuses on underserved young working professionals and self-employed individuals.