OkCredit, an Indian credit management platform for small and medium-sized merchants, has raised $67 million in its Series B funding round as it plans to expand its client base.
The Bengaluru-based startup secured funding from existing investors Lightspeed India and Tiger Global.
This is the second time the two funds have invested in OkCredit, having already committed in its $15.5 million Series A round alongside Morningside Venture Capital and Venture Highway three months ago.
Two-year-old OkCredit helps small and medium-sized merchants digitise their book of credit through its mobile app. Users are able to track their daily purchases and sales online...