OkCredit: Raises $67M to help small merchants digitize

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OkCredit: Raises $67M to help small merchants digitize

OkCredit: Raises $67M to help small merchants digitize

  • The Series B financing round for the two-year-old startup was led by Lightspeed and Tiger Global
  • The new round, which follows the startup’s Series A financing round in June
  • OkCredit operates an eponymous mobile app that allows merchants to keep track of their day-to-day purchases and sales
  • Technology has moved from collecting payments in cash, to using point-of-sale machines
  • Pokharna told TechCrunch today that the startup will use the capital to hire more people
  • The startup also plans to build more products for merchants