OkCredit YC Application

Summer 2018Active

OkCredit went through Y Combinator in the Summer 2018 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Summer 2018
Industry: FintechPayments
Team size: 70
Status: Active
Launched: 2018

Founders

Gaurav KumarFounder
Harsh PokharnaFounder
Aditya PrasadFounder

What OkCredit does

Today, over 50 million SMBs issue informal credit in India, This is a hugely manual process which they spend hours tracking, reconciling, and collecting! The 50M SMBs in India account for 40% of the nation’s GDP. As much as 60% of their sales happen on credit. That’s ~24% of the country’s GDP (500B$) lying on paper! OKCREDIT as a company came into existence to start solving the most important problem of credit recovery in MSMEs. We as first movers developed a bookkeeping app that would help any merchant sitting at the remotest corner of the country with internet connectivity to record his transactions digitally. We helped them track the credit given to their customers and suppliers. With our Okcredit app a merchant can track the amount of credit given, monitor credit limit, send reminders and eventually can collect faster from their customers. So as a company our vision was to bring the data dark merchants onto the digital platform. We have changed the way the MSMEs record the transactions and eased their life today.

OkCredit's YC application, reconstructed

Y Combinator application

OkCredit, Summer 2018 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

OkCredit

Describe what your company does in 50 characters or less.

Simple and secure bookkeeping for Indian businesses

What is your company going to make? Please describe your product and what it does or will do.

OkCredit is a bookkeeping app that helps Indian small and medium businesses track informal credit given to their customers and suppliers. It lets merchants record transactions digitally, monitor credit limits, send reminders, and helps them collect payments faster.

Where do you live now, and where would the company be based after YC?

We live in Bengaluru, Karnataka, India, and plan to keep the company based there after YC.

Explain your decision regarding location.

Bengaluru is where our team and the product development are currently based. It's the center of India's tech ecosystem, which is essential for building and scaling a fintech product like OkCredit.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real OkCredit YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from OkCredit's public data (launch notes, founder backgrounds, product description). It shows how a company like OkCredit would present itself to YC, not the text they submitted.