OkCredit
“Can a digital ledger for India's neighborhood shopkeepers become the underwriting engine for unorganized-retail credit?”
Founded2017
HQBengaluru, Karnataka, India
FoundersHarsh Pokharna
Total raised$83M+
Latest roundSecondary - Private
IndustryVertical SaaS / SMB Bookkeeping
The story
Founded 2017 as a digital bahi khata (ledger) app to digitize informal credit-tracking for India's neighborhood shopkeepers. After capturing millions of merchants and ~$50B of annual recorded informal-BNPL transactions, the company moved up the stack into embedded finance — facilitating UPI payments through Razorpay/Cashfree and originating digital loans through NBFC partners under RBI's digital lending guidelines. The thesis is to convert ledger data into the credit-underwriting fabric for India's unorganized retail.
Last 12 months
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Product timeline
2017
OkCredit founded in Bangalore as a digital ledger / bahi khata app for small merchants· launch
2019
Raised $67M Series B led by Lightspeed and Tiger Global· funding
2022
CEO outlines embedded finance + cashflow management focus for tier-3 SMBs; declines consumer BNPL· pivot
2022
Launched digital lending facilitation with NBFC partners (Apollo Finvest, Vivriti, Fintree, Niyogin)· lending
The stack
2 layers disclosed in OkCredit’s embedded-finance stack
Payments / PSP
RazorpayCashfree
Lending
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.