For an aspiring entrepreneurs, it is often common to come up with a variety of crazy ideas for new businesses without much clarity on implementation and how to convert idea into business venture. We can think of a business concept as a bridge between an idea and a business plan. Basically it focuses one’s thinking so that the entrepreneur can…
We have conducted a candid interview with Mr. Harsh Pokharna, founder – OKCredit, who digitized the Bahi Khata of Small Businesses. Read on how their journey became the source of strength and inspiration. 1. What inspired you to launch OkCredit? The idea to build OkCredit came from our personal experience. We (the co-founders – Aditya Prasad, Gaurav Kumar, and Harsh…
Many of the businesses require new investors for launching their start-ups or for scaling their businesses. There are many ways of approaching this fundraising. The companies that need fundraising also get the attention of those who have the capital so that they can get to another level. Every business that is in a stage of growing, no matter how successful…
In the coming years, banks will need to continuously improve their technology to match the needs of the markets. In the future, SME banking will be the biggest trend in the financial markets. Some of the biggest matters relating to SME business operations include the opportunity to run sustainable units. These sustainable banking trends are being designed to serve smaller…
With the ongoing pandemic, most businesses are urging their employees to work from home. These businesses need to be profitable while managing a remote team. For this purpose, they are employing the most professional remote tools. There are multiple advantages to having a remote team. But this needs the best remote tools. There are some remote working tools for those…
With the pandemic, many of us are stuck indoors and this has impacted the mobile usage trends as well. This has resulted in a surge in the usage of on-demand mobile apps. Many of these on-demand apps are becoming a favorite of users. These apps have great functionalities in modern times. Many on-demand app development companies are thus thriving in…
OkCredit registered an overall 15% increase in transacting customers since March 2020 Maharashtra, despite being severely hit by the pandemic, witnessed a 35% decline in transactions this year in comparison to a 65% drop last year. Tier-1 cities have been most affected as witnessed by the drop in transaction levels. For Delhi, Karnataka and Kerala the drop in transactions was…
As the automation wave has increased in the banking sector, its capacity has increased and now the employees have more time to focus on bigger value projects. This opportunity should be captured by the banks to take a strategic approach rather than a tactical approach. Automation in the banking industry has been a big focus and an area of huge…
With the current pandemic affecting the global economy, financial institutions and banks have started navigating to the post-COVID- 19 strategy. This is the long-term outlook to improve the bank’s crisis response. All the global banks including the community banks are struggling with their future strategy. This strategy is focused on supporting the small businesses during the crisis and taking the…
Launching a startup is a substantial step and surviving in a hostile business environment is even scarier. But that doesn’t mean it eliminates the chances of survival and success. In the case of startups, due to lack of experience, a strong peer-support network comes to the rescue. A peer-support network refers to the term where people in the same situation/…