How they describe themselves: Pockets United was founded mid-2011. All founders behind Pockets United have considerable start-up experience, while two already lived through a successful start-to-exit-cycle. Armin von Samson, former Head of Legal of PayPal Germany, joined our board as an advisor the beginning of 2012. Last fall, Pockets United was accepted into Wayra, Telefónicas global accelerator program. Partnerships with local retail banks will be of high relevance to expand in foreign markets in order to comply with regulatory requirements. We’re currently raising another seed round, proofing the concept, and preparing the rollout of our service all over Europe and Latin America.
How they describe their product/innovation: ‘Social’ is the next big thing in mobile payments, yet you cannot downgrade it to a simple on-top feature for existing PSPs nor banks. A category killer in this field must be social by design. This means cutting-edge user experience and fun to use in day-to-day scenarios. The space is hot. Carriers see their business threatened by all-encompassing data flats, while traditional banks and credit card companies see payment shifting to mobile devices, whose users are owned by carriers. Pockets United sits right in the center of this clashing zone, offering a helping hand to both sides and its users.
Bus. Dev., Press & Sales: Markus Stiefel, CEO, email@example.com