Instant Loan App – mPokket has appointed Sanjoy Kumar Agarwal as its new Chief Financial Officer (CFO). Sanjay will oversee the operations related to finance of mPokket.
Speaking on the new appointment, Gaurav Jalan, CEO & Founder of 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 revitalize strategies, introduce innovation, and facilitate solutions-driven team collaboration for us.”
mPokket provides loans to college students and young working professionals. Borrowers can avail loans ranging from Rs. 500 to Rs. 20,000 and the amount is sent via instant credit to bank account or Paytm wallet. The borrowing limit will keep increasing over time based on multiple factors, including timely loan repayments.
The users can choose to repay in up to 3 months along with a nominal interest charge. mPokket was started back in 2016 with the vision to improve the lives of those who need quick cash for an urgent need but do not have access to credit cards or other means of formal borrowing.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.