OkCredit Raises ₹84.9M to Empower 3 Million MSMEs and Revolutionize Digital Financial Inclusion

OkCredit is thrilled to announce its latest funding milestone, having successfully raised 84,900,000 to further empower micro businesses across India. This achievement marks a significant leap forward in our mission to create a robust digital footprint for over 30 lakh MSMEs actively using our platform. By leveraging our innovative mobile application, OkCredit, small businesses can collect receivables faster and manage payables with much greater efficiency. The infusion of capital will not only boost the development of our app but also fuel our endeavors in improving financial inclusion among underserved communities. One of the distinguishing features of our platform is the extensive proprietary data we gather from everyday financial transactions of MSMEs. This data forms the backbone of our unique informal credit score, known as OkScore, which has become a vital tool in assuaging the challenges faced by micro businesses in accessing formal credit. With our strategic partnerships with banks and various financial institutions, we are now in a better position to provide streamlined loan solutions that address the real-world needs of these businesses. The fresh capital will allow us to invest in advanced technology, enhance our customer support, and expand our market reach further into every corner of India. At a time when digital transformation is critical to the success of small-scale enterprises, OkCredit remains dedicated to bridging the gap between traditional financial practices and modern technology, thereby ensuring that every micro business has the opportunity to thrive in today’s dynamic economic landscape. This funding round not only reinforces our vision but also underscores our commitment to fostering a more inclusive financial ecosystem for millions of MSMEs.