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OkCredit

OkCredit

OkCredit is a bookkeeping app that is helping millions of SMBs across India manage their credit and receivables.

Tag IconSaaS,  FinTech  
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OkCredit
OkCredit
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Basic Information
OkCredit is a part of the Ok network - an ecosystem of apps aimed at digitising small and medium businesses (SMBs) across India. With technology that is simple and easy to access, the startup is solving various pain points in everyday functioning of small business owners, be it tracking their accounts, managing staff at their set-up or the need to go online. Ok network’s first product- OkCredit was launched in 2017 by Harsh Pokharna, Gaurav Kumar and Aditya Prasad. OkCredit has given a complete digital makeover to the traditional register book - ‘Bahi/Udhar Khata’ and made the daily bookkeeping task simpler and effective for millions of small businesses. The app not just helps small businesses keep track of credit transactions – both payments and receivables, it sends timely reminders, and also makes it easier for them to collect and settle balance amounts quickly. The app has seen more than 20 million downloads.
Legal Name
:
Psi Phi Global Solutions Private Limited
Headquarters
:
Bangalore, Karnataka, India
Business Model
:
B2B,  B2B2C  
Founding Date
:
Sep 2016
No. of Employees
:
151 to 250
Core Team
:
1.  
Harsh Pokharna
Co-Founder & CEO
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2.  
Gaurav Kunwar
Co-Founder & CPO
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3.  
Aditya Prasad
Co-Founder & CTO
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Revenue Stream
Other
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Funding

Total Funding

$83.0M

Investors
:
1.  
Y Combinator
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2.  
Venture Highway
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3.  
Tiger Global Management
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4.  
Lightspeed India Partners
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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
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Features

Festive season sales: Fashion, personal electronics emerge as top categories; digital & credit payments turn popular

OkCredit reports 72% YoY rise in annual revenue to Rs 14.3 Cr

Sindhuja Microcredit secures $14.5M in Series C funding led by GAWA Capital, Oikocredit

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Festive season sales: Fashion, personal electronics emerge as top categories; digital & credit payments turn popular

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