Pocketly, a platform to get hassle-free loans, has its unlisted shares on the Minance Private Market for the price of ₹9,828.00.
Pocketly, as the name suggests, is a microlending platform with its target audience as college students. It provides instant cash-on-hand anytime, without much documentation involved, and has loans ranging from 500-10,000, with a month’s tenure period. The process is extremely easy as the credit limit is transferred to an account using UPI IDs, without any collateral. This makes it the first choice for any college student in need of urgent money.
Bengaluru-based Pocketly started its operations in October 2019 and has its unlisted shares available for purchase since then. Within a year of its launch, Pocketly has onboarded more than 2000 students in 300+ colleges. It plans to give credit to over 3 lakh college students by the end of its first year.
In India, approximately 25% of e-commerce business is driven by college students, which gives Pocketly an advantage, specifically in this age of digitalization.