Tiger Global, Lightspeed Invest Another $67 Mn In OkCredit

  • Bengaluru-based digital application provider for micro-merchants OkCredit has raised $67 Mn in a Series B funding round from existing investors.
  • The fundraise comes a few months after the company raised $15.5 Mn in a Series A funding round led by Tiger Global.
  • OkCredit essentially helps recharge shops, kirana stores, bakery stores, medical stores manage their daily transactions through a mobile app.
  • In India, close to 40% of sales at a neighbourhood store is made on credit, however, over the last few years, technology has slowly penetrated and been adopted by this merchant base.

Read full article: inc42.com