OkCredit
Simple and secure bookkeeping for Indian businesses.
OkCredit was founded in 2017, is headquartered in Bengaluru, India, lists 51–200 employees, and has $82.5M in recorded funding across 2 rounds.
- Headquarters
- Bengaluru
- Employees
- 51–200
- Founded
- 2017
- Business Model
- B2B
- Website
- okcredit.in
- Total Funding
- $82.5M
- Last Round
- $67.0M Series BSep 2019
- Rounds
- 2
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 2 funding rounds and 5 investors for this company. The full record is or through the API.
About
Today, over 50 million SMBs issue informal credit in India, This is a hugely manual process which they spend hours tracking, reconciling, and collecting! The 50M SMBs in India account for 40% of the nation’s GDP. As much as 60% of their sales happen on credit. That’s ~24% of the country’s GDP (500B$) lying on paper! OKCREDIT as a company came into existence to start solving the most important problem of credit recovery in MSMEs. We as first movers developed a bookkeeping app that would help any merchant sitting at the remotest corner of the country with internet connectivity to record his transactions digitally. We helped them track the credit given to their customers and suppliers. With our Okcredit app a merchant can track the amount of credit given, monitor credit limit, send reminders and eventually can collect faster from their customers. So as a company our vision was to bring the data dark merchants onto the digital platform. We have changed the way the MSMEs record the transactions and eased their life today.
Summary
OkCredit is a FinOps company based in Bengaluru, India, founded in 2017. It lists 51–200 employees. It has raised $82.5M in total across 2 rounds, most recently a $67.0M Series B round in Sep 2019. Investors include Tiger Global, Lightspeed Venture Partners and Venture Souq.
Tech & App Stack
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Funding History
Sep 2019
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Funding: Series A through Series B. Amounts, valuations, and investors where available.
Investors
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