Candidature YC de OkCredit

Summer 2018Active

OkCredit a été sélectionné par Y Combinator dans le cadre du batch Summer 2018 en tant qu'entreprise Fintech. Ci-dessous : ce que fait l'entreprise, qui l'a fondée, et sa candidature à YC, reconstruite question par question dans le vrai formulaire YC.

Batch YC: Summer 2018
Secteur d'activité: FintechPayments
Taille de l'équipe: 70
Statut: Active
Lancé: 2018

Fondateurs

Gaurav KumarFounder
Harsh PokharnaFounder
Aditya PrasadFounder

Ce que fait OkCredit

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.

Candidature YC de OkCredit, reconstruite

Candidature Y Combinator

OkCredit, promotion Summer 2018. Les vraies questions de candidature, répondues à partir de données publiques.

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 réponses supplémentaires dans la candidature complète

se trouvent dans la version complète. Créez un compte gratuit pour l'ouvrir dans YC Insights, à côté de tous les autres batches YC.

Voir la candidature complète

Questions fréquemment posées

Est-ce la vraie candidature YC de OkCredit ?

Non. Y Combinator garde les candidatures soumises privées. Ceci est une reconstruction : les vraies questions du formulaire YC, répondues à partir des données publiques de OkCredit (notes de lancement, parcours des fondateurs, description du produit). Cela montre comment une entreprise comme OkCredit se présenterait à YC, pas le texte qu'ils ont soumis.

À quel batch YC OkCredit appartenait-il ?

OkCredit faisait partie du batch Summer 2018 de Y Combinator.

Qui a fondé OkCredit ?

OkCredit a été fondé par Gaurav Kumar, Harsh Pokharna, Aditya Prasad.

Que fait OkCredit ?

Simple and secure bookkeeping for Indian businesses.

Comment lire la candidature complète reconstruite ?

Créez un compte Round Funded gratuit. La version complète de la candidature de OkCredit en 26 réponses, et de chaque autre promotion YC, se trouve dans YC Insights.