mPokket – an Instant Loan App providing loans to college students and young working professionals – has appointed Mr. Sanjoy Kumar Agarwal as their new Chief Financial Officer (CFO).
Mr. Agarwal will manage the financial operations at mPokket. He will be responsible for creating robust, iterative development plans for long-term strategy while resolving key financial issues. His role will be critical in achieving core business objectives, while supporting the company’s growing presence and expansion.
With over 19 years of experience, across companies like ICICI Bank, Srei Equipment Finance and Rupeek Capital, Sanjoy has a strong foundation in maintaining relationships with stakeholders, fund raising, financial planning, regulatory compliances, risk management, and process re-engineering.
Speaking on the appointment of Mr. Sanjoy Kumar Agarwal as the CFO, Gaurav Jalan, CEO & Founder- mPokket said “Having Sanjoy as part of our team, will greatly help us in the next phase of our growth as an organization. I am sure that with Sanjoy’s vast experience & expertise in the domain, will help revitalizes strategies, introduce innovation, and facilitate solutions-driven team collaboration for us.”
mPokket is an Instant Loan App that provides loans to college students and young working professionals. mPokket was founded by Mr. Gaurav Jalan in 2015. The company received early stage funding of $50,000 from VC Village Capital through a contest-type selection process.
Borrowers can avail loans ranging from Rs. 500 to Rs. 20,000 and the amount is sent via instant credit to either their bank account or Paytm wallet. mPokket’s business model is similar to credit card lending but it focuses on a segment who are ineligible for that but requires instant loans. Loan is disbursed to clients instantly, and is credited to either their bank or Paytm account, executed on smartphones within seconds. The mobile application seamlessly delivers credit anytime anywhere..