OkCredit

Application YC di OkCredit

Summer 2018Active

OkCredit ha partecipato a Y Combinator nel batch Summer 2018 come azienda Fintech. Sotto: cosa fa l'azienda, chi l'ha fondata e la sua application a YC, ricostruita domanda per domanda nel form reale di YC.

Batch YC
Summer 2018
Settore
FintechPayments
Dimensione team
70
Stato
Active
Lanciata
2018

Founder

  • Gaurav Kumar
    Gaurav KumarFounder
  • Harsh Pokharna
    Harsh PokharnaFounder
  • Aditya Prasad
    Aditya PrasadFounder

Cosa fa 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.

Application YC di OkCredit, ricostruita

Domanda per Y Combinator

OkCredit, batch Summer 2018. Le vere domande del form, risposte da dati pubblici.

  1. Founders2
  2. Company7
  3. Progress7
  4. Idea4
  5. Equity3
  6. Curious2
  7. 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 risposte in più nell'application completa

Founders, Progress, Idea, Equity, Curious, Batch Preference sono nella versione completa. Crea un account gratuito per aprirla in YC Insights, accanto a ogni altro batch YC.

Domande Frequenti

Questa è l'application YC reale di OkCredit?

No. Y Combinator mantiene private le application inviate. Questa è una ricostruzione: le domande del form YC reale, a cui si è risposto usando i dati pubblici di OkCredit (note di lancio, background dei founder, descrizione del prodotto). Mostra come un'azienda come OkCredit si presenterebbe a YC, non il testo che hanno inviato.

A quale batch YC apparteneva OkCredit?

OkCredit apparteneva al batch Summer 2018 di Y Combinator.

Chi ha fondato OkCredit?

OkCredit è stato fondato da Gaurav Kumar, Harsh Pokharna, Aditya Prasad.

Cosa fa OkCredit?

Simple and secure bookkeeping for Indian businesses.

Come leggo la ricostruzione completa della application?

Crea un account Round Funded gratuito. La versione completa di 26 risposte della application di OkCredit, e di ogni altro batch YC, è in YC Insights.

Più startup YC come OkCredit