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OkCredit's Financial Performance Falls Short Despite $90 Million Investment
OkCredit's Financial Performance Falls Short Despite $90 Million Investment
OkCredit's Financial Performance Falls Short Despite $90 Million Investment
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|Entrackr|2 years ago

OkCredit, a digital ledger app for small and medium-sized businesses, received $90 million in investments from Lightspeed and Tiger Global in 2019. However, the company's financial performance has been disappointing, with operating revenue of only Rs 26 lakh in FY18 and no revenue in FY19 and FY20. The company's losses have mounted to Rs 428.5 crore, but its revenue from operations grew to Rs 8.3 crore in FY23.

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