# Pocket

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pocket

- Industry: Financial Services
- Headquarters: South Jakarta, Indonesia
- Website: www.pocket.co.id
- Total disclosed funding: $0.5M
- Latest round: Seed (Oct 13, 2022)
- Investors on record: 1

## About

Based in Jakarta, Indonesia, and founded in 2021 by CEO Markus Kevin, and CTO Bravyto Takwa Pangukir, PT Pocket Usaha Bersama, d.b.a. Pocket is a financial technology company that develops a platform for financial management that allows users to monitor their finances through a mobile application. In October 2022, PT Pocket Usaha Bersama raised pre-seed funding led by East Ventures.

The company provides a family financial management application that helps improve the financial literacy of young families in Indonesia. The application allows users to track, segregate, and create digital accounts, where digital accounts can be allocated to each family member to own, store, and spend their money. In addition, each digital account is equipped with a secure prepaid virtual and physical card that supports QRIS transactions across more than 20 million merchants throughout Indonesia.

The company generates revenue from charging administration fees, which includes cash withdrawal fee at Artha Graha bank ATM (IDR 2,500 per transaction), cash withdrawal fees at ATMs of other banks (IDR 7,500 per transaction), transfer to Artha Graha bank account (IDR 2,500 per transaction), and transfer to another bank account (IDR 7,500 per transaction).
             
Pocket plans to use its proceeds from October 2022 funding for developing products and product penetration in increasing adoption and the number of users.

## Funding rounds

- Seed, Oct 13, 2022, $0.5M — East Ventures

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed