Bookkeeping

OkCredit raises $67m in digital bookkeeping push

With the help of technology, this two-year-old Indian startup hopes to bring change to the traditional way of keeping accounts with large logbooks.

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...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222