OkCredit, a Bangalore, India-based bookkeeping startup, raised $67m in Series B financing.
The round was led by Lightspeed and Tiger Global.
The company, which has now raised $83m in total funding to date, intends to use the capital to expand operations and its business reach across India as well as to build additional products.
Led by Harsh Pokharna, chief executive officer, OkCredit provides a mobile app that enables small merchants to digitize their bookkeeping, connect with suppliers and customers, and keep track of their day-to-day purchases and sales and to send payment reminders.
The company has reportedly reached more than 5 million active merchants from every sector across 2,000 cities across India.