Udhaar App

We're Khatabook / OkCredit for Pakistan

Karachi, Pakistan · Founded 2020 · $6.0M raised

Fintech
YC W21
Headquarters
Karachi
Employees
11–50
Founded
2020
Business Model
B2C
Total Funding
$6.0M
Last Round
$6.0M SeedNov 2021

About

We are a simple book-keeping app, to help 30M micro SMEs run their finances digitally. I was visiting Pakistan. 1-day, asked our local store owner on plans for his next location. His response, 'never'. Since business operations & money flow are manual, he worked 16 hours / 7 days to minimize theft. Zero time with family. We got obsessed with identifying how we can help small business owners run their business and have a life. Everything in Pakistan is manual, store credit, sales, purchasing inventory, cash management, tax filings, payments, etc. This idea got us hooked as it allows us to build a large company and have a huge impact on ~30M small businesses in Pakistan that contribute 74% of the overall GDP. Explosion in 4G adoption (91M 4G subscribers, 720% growth in 5 years), is helping drive product market fit: i. >1M downloads ii. 4.6 star rating on Playstore & Appstore iii. MAUs & GTV: get in touch :)

Summary

Udhaar App is a Fintech company based in Karachi, Pakistan, founded in 2020. It has raised $6.0M in total, most recently a $6.0M Seed round in Nov 2021.

Tech & App Stack

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