OkCredit secures funding from LightSpeed India Partners


OkCredit, which is an Accounting Application, has now secured $15.5 Million in its Series A funding round led by the Morningside Venture Capital and Tiger Global Management. Some of the existing investors Y Combinator, LightSpeed India partners, Venture Highways.

OkCrediit also plans to use the fresh funding to further scale its merchant user base and expand team, among the others, also revealed.

OkCredit connects small business suppliers, owners, and customers and even enabled them to record credit and payment transactions.

The startup which is launched in the year 2017 by the IITian Kanpur Alumni, Aditya Prasad, Gaurav Kumar, and harsh Pokharna, OkCredit claims to have around two million merchants and currently uses its solution to process $2 Billion worth of transactions on the platform each and every month.

“Our software helps India’s business-to-consumer (B2C) and business-to-business (B2B) micro merchants to get organised and be efficient. We have spread virally across all regions of India among Kirana, mobile stores, pharmacies, restaurants, B2B traders and many other types of businesses,” Pokharna said.

Source: OkCredit

Source: Techstory

Follow Us On Facebook, Twitter & Instagram Please Share Your Stories, Press Release & Articles At [email protected]. To Read More News Daily, Subscribe To Our Push Notification at https://www.inventiva.co.in/
This article is automatically sourced by automatic news feeds through online softwares, Inventiva team has not made any modifications and adjustments in the article and is published as it is after giving due credits to its original source.
READ  PhonePe partners with OYO, allows users to book OYO Rooms on it’s platform


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.