Tiger Global leads $15.5 Mn Series A round in OkCredit

Tiger Global has led $15.5 million Series A round in OkCredit, a mobile application that simplifies credit account management for shop owners and their customers. Morningside Venture Capital, Lightspeed India Partners, Venture Highway and Y Combinator also participated in it.

The development was first covered by Entrackr, however, OkCredit denied the whole report and we had to take down the story. A part of Y Combinator’s summer 2018 batch, OkCredit claims to caters over 13 lakh merchant with having a presence in more than 1,000 locations across India. (Source)