OkCredit
Simple and secure bookkeeping for Indian businesses.
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. OkCredit is a Y Combinator company (Summer 2018). YC-listed status: Active.
- Website
- okcredit.in
- Location
- Bengaluru, KA, India
- Added via
- web
- Ownership
- unclaimed
Where to go
Products
- OkCredit — Free digital udhar ledger app for Indian shopkeepers to track credit, send payment reminders, and collect UPI payments. · App · Freemium
Links
- Y Combinator profileycombinator