TL;DR: OkCredit is a Y Combinator Summer 2018 startup Simple and secure bookkeeping for Indian businesses., currently active with a team of 70.
Simple and secure bookkeeping for Indian businesses.
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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$) lying on paper! OKCREDIT as a company came into existence to start solving the most important problem of credit recovery in MSMEs. We as first movers developed a bookkeeping app that would help any merchant sitting at the remotest corner of the country with internet connectivity to record his transactions digitally. We helped them track the credit given to their customers and suppliers. With our Okcredit app a merchant can track the amount of credit given, monitor credit limit, send reminders…
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Yes. OkCredit was funded by Y Combinator in the Summer 2018 batch. Simple and secure bookkeeping for Indian businesses.
Today, over 50 million SMBs issue informal credit in India, This is a hugely manual process which they spend hours tracking, reconciling, and collecting! The 50M SMBs in India account for 40% of the nation’s GDP. As much as 60% of their sales happen on credit. That’s ~24% of the country’s GDP (500B$) lying on paper! O…
OkCredit was part of Y Combinator's Summer 2018 batch.
OkCredit has a team of 70 people according to Y Combinator's directory.
OkCredit is currently listed as Active with a team of 70 in Y Combinator's directory.
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