Company Information

Get to know OkCredit

OkCredit is a financial technology company that has developed a mobile-based solution to digitize the traditional 'bahi khata' or ledger book used by small merchants in India. Founded in 2017, the platform allows businesses to record credit and payment transactions, send automated payment reminders to customers via WhatsApp and SMS, and accept online payments, thereby improving cash flow and reducing the burden of manual bookkeeping. The company aims to empower millions of micro, small, and medium enterprises (MSMEs) by bringing them into the digital ecosystem.

Industry

Technology Software DevelopmentPRIMARY
Financial Other Service

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OkCredit

India

Founded in

Apr 2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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(180 reviews)

Cyprus

2017

(9 years)

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.