Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

OkCredit raises $67 million to bring digital services to India’s small shops

ImpactAlpha, Sept. 16 – Serving small and informal businesses worldwide has grown beyond microfinance institutions. Tech startups like Bangalore-based OkCredit are rolling out products and services for long-neglected small businesses that employ 70% of emerging economy workers and account for 30% of emerging-market GDP. 

The company’s bookkeeping app helps India’s small shop owners to track purchases, sales and expenses. Its four million monthly active users represent a three-fold increase since June, when it raised its $15.5 million Series A round.

OkCredit’s fresh $67 million Series B, from Lightspeed and Tiger Global, underscores the growing recognition of untapped opportunities in the informal and small retail sector. Investors have also backed India’s Peel-Works and ShopKirana and Mexico’s Frogtek, which are similarly supporting small shop owners

Investors have also backed India’s Peel-Works and ShopKirana and Mexico’s Frogtek, all of which are similarly supporting small shop owners.

You might also like...