OkCredit
OkCredit is an Indian book-keeping company for micro and small businesses[1] that handles credit account management.[2] It allows small business owners and customers to keep a digital record of payments and credits through a free application and can also present a monthly breakdown of whatever has been purchased on credit.[3] The app can send automated WhatsApp reminders to customers[4] The app is available in English, Hindi, Tamil and Telugu.[5]
History
It was founded by Gaurav Kunwar, Harsh Pokharna, and Aditya Prasad in 2017. The organisation was a part of the 2018 summer batch of Y Combinator.[4] In 2020, the company was reported to have 6 million active monthly users.[1] The company also launched Co-aid during the Covid-19 pandemic that offered information about the availability of medicines and resources in real time.[6]
Competition
Okcredit competes with other players like Khatabook and Vyapar.[7]
Controversy
OkCredit launched an app Okshop within one month of the competitor Khatabook, which launched Dukaan. Both these apps enable online store set up.[8]
References
- ↑ 1.0 1.1 "OkCredit". Forbes. Retrieved 2021-07-22.
- ↑ "IIT Kanpur alumnus & co-founders of OkCredit featured in Forbes '30 Under 30' list". www.timesnownews.com. Retrieved 2021-07-22.
- ↑ "OKCREDIT: Bookkeeping made simple, paperless and secure". The Financial Express. 2021-03-08. Retrieved 2021-07-22.
- ↑ 4.0 4.1 Khan, Tahira Noor (2020-01-06). "This Fintech App Is Digitizing Book-keeping For Merchants". Entrepreneur. Retrieved 2021-07-22.
- ↑ SH, Salman (2019-08-15). "How OKCredit scaled to 5 mn active merchants using free digital ledger app". mint. Retrieved 2021-07-22.
- ↑ "OkCredit starts CoAid website to help search for Covid-19 medicines, equipment". The Economic Times. Retrieved 2021-07-22.
- ↑ "How Vyapar, Khatabook and OkCredit are tapping new revenue streams". Techcircle. 2021-02-15. Retrieved 2021-07-22.
- ↑ Upadhyay, Harsh; Vardhan, Jai (2020-09-04). "Exclusive: OkCredit launches its version of 'Dukaan' via OkShop". Entrackr. Retrieved 2021-07-22.
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