OkCredit: A Digital Solution for Managing Your Business Transactions

OkCredit: A Digital Solution for Managing Your Business Transactions – If you are a small business owner or a shopkeeper, you know how tedious and time-consuming it can be to maintain a paper-based ledger book or bahi khata for recording your credit and debit transactions with your customers and suppliers. Not only do you have to deal with the hassle of writing down every transaction, but you also have to worry about losing or damaging your records, forgetting to collect payments, or facing disputes over the accuracy of your accounts.

OkCredit

Details of the startup:

  • CITY : Bengaluru
  • STATE : Karnataka
  • STARTED IN : 2016
  • FOUNDERS : Aditya Prasad, Gaurav Kunwar, Harsh Pokharna and Harsh Pokharna
  • NUMBER OF INVESTORS : 4
  • LATEST ROUND INVESTMENT : ₹4761.50M
  • TOTAL INVESTMENT : ₹4780.50M
  •   TOTAL SECURED LOANS AVAILED : Nil

You can find their website here.

Fortunately, there is a better way to manage your business transactions digitally, thanks to OkCredit, a free app that helps you keep track of your receivables and payables, send payment reminders, access reports and statements, and ensure the safety and security of your data. We will tell you everything you need to know about OkCredit, how it works, and why you should use it for your business.

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What is OkCredit?

OkCredit is a mobile-based solution for small business owners and their customers to facilitate the recording of credit/payment transactions digitally all over India. OkCredit equips merchants with an uncomplicated and secure means of administering credit and debt records for their business conducted on an account basis.

OkCredit was launched in 2016 by three IIT Kanpur alumni, Harsh Pokharna, Gaurav Kumar, and Aditya Prasad, who wanted to solve the problem of inefficient and unreliable bookkeeping for small businesses. Since then, OkCredit has grown to become one of the most popular and trusted digital ledger apps in the country, with over 20 million active users and 2.8 billion transactions recorded as of February 2020.

OkCredit is available in 11+ languages, including English, Hindi, Hinglish, Punjabi, Marathi, Gujarati, Tamil, Telugu, Kannada, Malayalam, and Bengali, to cater to the diverse needs and preferences of its users. OkCredit is also completely made in India, supporting the vision of Digital India and Vocal for Local.

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How does OkCredit work?

OkCredit is very easy to use and does not require any special skills or training. All you need is a smartphone and an internet connection. Here are the simple steps to get started with OkCredit:

  • Download the OkCredit app from the Google Play Store or the Apple App Store and install it on your phone.
  • Register with your mobile number and verify it with an OTP or a security pin.
  • Add your customers and suppliers to your account by entering their names and phone numbers. You can also import your contacts from your phone book or WhatsApp.
  • Record your transactions with your customers and suppliers by entering the amount and the date. You can also add notes, images, or voice messages to your transactions for more clarity.
  • Send payment reminders to your customers via free SMS or WhatsApp to collect your dues on time and avoid bad debts.
  • View your reports and statements on your phone or on the web platform. You can also download or share them with your customers and suppliers via email, WhatsApp, or other apps.
  • Enjoy the peace of mind of having your data backed up online and offline. You can also restore your data to a new phone in case you lose or change your device.
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Why should you use OkCredit?

OkCredit offers many benefits for small business owners and shopkeepers who want to digitize their business transactions and improve their efficiency and profitability. Here are some of the reasons why you should use OkCredit for your business:

  • Save time and money: OkCredit eliminates the need for paper-based ledger books, which are costly, cumbersome, and prone to errors. OkCredit also saves you time by automating the process of recording, tracking, and collecting your transactions. You can focus more on your core business activities and less on bookkeeping.
  • Increase customer loyalty and satisfaction: OkCredit helps you build trust and transparency with your customers by providing them with real-time updates and clarity on their transactions. You can also communicate with your customers in their preferred language and mode of communication, such as SMS or WhatsApp. This enhances your customer relationship and loyalty, and leads to more repeat business and referrals.
  • Grow your business and income: OkCredit helps you grow your business and income by enabling you to manage your cash flow better and optimize your working capital. You can also access insights and analytics on your business performance, such as sales, expenses, profits, and customer behavior. You can use this data to make informed decisions and plan your business strategies accordingly.
  • Secure your data and privacy: OkCredit ensures the safety and security of your data and privacy by using advanced encryption and authentication technologies. Your data is stored on secure cloud servers and is accessible only by you and your authorized contacts. You can also set a security pin or use biometric authentication to protect your app from unauthorized access.
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OkCredit is a digital ledger app that helps small business owners and shopkeepers manage their business transactions digitally in a simple, secure, and convenient way. OkCredit helps you save time and money, increase customer loyalty and satisfaction, grow your business and income, and secure your data and privacy. OkCredit is also a made in India app that supports the vision of Digital India and Vocal for Local.

If you are looking for a digital solution for your business transactions, you should definitely give OkCredit a try. You can download the app from the Google Play Store or the Apple App Store and start using it for free. You can also visit the OkCredit website for more information and updates. OkCredit is the digital India ka digital udhar bahi khata. Try it today and see the difference for yourself.

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