Ufi Ventures, the UK EdTech investor in skills development, joins MyPocketSkill funding round to scale its Earn.Save.Learn approach.
London, 18th April 2023
MyPocketSkill is an award-winning technology company with a vision to create a financially empowered Gen-Z. It supports young people (13-22 y.o.) to earn money, establish savings goals and become more employable and financially capable.
Having recently completed a funding round that will enable it to scale, MyPocketSkill now welcomes further investment from Ufi Ventures, who help people and businesses acquire skills needed for work, now and in the future, by investing its own capital in early-stage companies. Ufi Ventures joins an impressive list of investors, including:
Further funding is also expected within the next few months.
“At MyPocketSkill we are passionate about supporting young people to develop the skills to become employable and the financial habits to become financially capable, which often go hand-in-hand. We are delighted that Ufi Ventures decided to join our investment round to support us on our journey and see strategic value in their investment. Our goal is to reach over a million young people in the next three years and this funding puts us well on target.“
“MyPocketSkill’s platform enables young adults to engage in work, providing invaluable experience and understanding of the benefits of employment including self-esteem, financial independence and confidence. We are delighted to support MyPocketSkill to develop the vocational skills of young people. The founders have identified an area with enormous potential at a pivotal stage in people’s careers.”
In 2020, two parents with backgrounds in digital technology and finance, Matthew Harker and Zara Ransley, launched the MyPocketSkill platform to address the decline of opportunities for teenagers to gain financial independence and employability skills.
Now, in 2023, MyPocketSkill’s earning and saving platform has seen impressive growth, with over 80,000 sign-up users, 20% month-on-month growth and generating platform and contract revenues. MyPocketSkill and its founders have already achieved notable success, with Zara winning the prestigious Innovate UK’s Women in Innovation award and MyPocketSkill being named as London & Partners SVC2UK scale-up and part of EY’s latest fintech cohort.