OkCredit Company Research Report
1. Company Overview
Name
OkCredit
Mission of the Company
To create a digital footprint for MSMEs and improve financial inclusion in India.
Founded and Founders
Founded in 2017 by Gaurav Kumar, Harsh Pokharna, and Aditya Prasad.
Key People in the Company
- Harsh Pokharna: Co-Founder | CEO
- Gaurav Kumar: Co-Founder | CPO
- Aditya Prasad: Co-Founder | CTO
Headquarters
Psi Phi Global Solutions Pvt. Ltd., 5th Floor, Incubex HQ, 339, 14th B Cross Rd, Sector 6, HSR Layout, Bengaluru, Karnataka - 560102
Number of Employees
51-200 employees
Revenue of the Company
No information is available.
What is the Company Known For
OkCredit is known for its digital ledger app that helps micro businesses collect receivables faster and pay off their payables on time. Their mission focuses on financial inclusion for MSMEs across India through a mobile application.
2. Products
Overview
OkCredit offers digital ledger services for small business owners and their customers to digitally record credit/payment transactions.
High-Level Description of the Product
OkCredit app allows business owners to manage their receivables and payables digitally, which simplifies the process of collections and payments.
Key Features
1. Digital Ledger (Udhar Bahi Khata)
- Record Transactions: Facilitates digital recording of credit/payment transactions.
- Collection Reminders: Automated reminders via SMS and WhatsApp.
- Multi-Language Support: Choice of multiple local languages for communication.
- Reports and Account Statements: Access reports and statements anytime on any device.
- 100% Safe and Secure: Online and local data backup for full security.
2. Other Features
- Invoice and Billing: Create and share GST-compliant invoices and bills, add them to the ledger, and record payments and credits.
- Inventory Management: Manage stock and update inventory with sale and purchase.
- Automate Staff Collection: Automatic assignment of bills to delivery and collection staff, ensuring real-time updates to accountants and owners.
- Integration: Integrates with external systems like Tally, Marg, and Excel.
3. Recent Developments
What are the Recent Developments in the Company
No specific recent developments available.
What are the New Products Launched
No information is available.
What are the New Features Added to the Existing Products
No information is available.
Any New Partnerships
Engagement with multiple financial institutions to provide loans to MSMEs.
Additional Information
Customer Testimonials:
- Kaushal Kumar, New Delhi: Praises OkCredit for peace of mind by preventing the loss of customer records.
Contact Information:
- Email: help@okcredit.in
- Phone: 9916-5151-52 (WhatsApp only)
- Working Hours: 9 AM - 9 PM
Conclusion
OkCredit continues to drive financial inclusion for MSMEs through its robust digital solutions, facilitating seamless and secure transactions among small business owners and their customers.
Note: This report provides a comprehensive overview based solely on the available data. For any queries or further information, please contact OkCredit directly through their provided contact details.
