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OkCredit is a mobile-based solution for small business owners and their customers to enable recording of credit/payment transactions digitally all across the country.
Basic Information
OkCredit is a mobile-based solution for small business owners and their customers to enable recording of credit/payment transactions digitally all across the country. Through digitisation, OkCredit reduces the merchant’s burden of maintaining and accounting paper account books. It also allows them to send collection notifications to customers in case of delayed or missed payments. To solve the trust problem, once a merchant registers a transaction on the platform against a customer, they are immediately informed through text or WhatsApp. Founded in November 2017, the company aims to provide on-demand visibility of the merchant’s record to the customers.
Legal Name
:
Psi Phi Global Solutions Private Limited
Headquarters
:
Bangalore, Karnataka, India
Business Model
:
B2C,  B2B  
Founding Date
:
Apr 2017
No. of Employees
:
41 to 60
Core Team
:
1.  
Harsh Pokharna
Founder & Chief Executive Officer
2.  
Aditya Prasad
Co-Founder & Chief Technology Officer
3.  
Gaurav Kunwar
Co-Founder & CPO
Funding
Investors
:
1.  
Y Combinator
2.  
Lightspeed India Partners
3.  
Tiger Global Management
4.  
Venture Highway

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Detail Round Breakdown
Round 1
Round 2
Round 3
Round 4

$300k

Series Name
:
SEED
Date
:
Jan 2018
Investors
:
1.  
Lightspeed India Partners