Description
Overview about Olly Credit:
Olly, is a Delhi based mobile first instant micro credit-card/app for masses in India to solve their monthly cash-crunches. They extend a credit limit of upto INR 20,000, delivered virtually within 3min (the initial credit line extended immediately is INR 1,100). Olly have fully integrated with a bank (DCB Bank) and all the compliances including RBI regulations are good to go and are integrated with RuPay and Visa for processing the transactions. The company is already backed Incubate Fund and a few professional Angels and has also got grants from Startup Chile, Delhi Government,DFS Labs (Bill & Melinda Gates Foundation). Olly aims to target the lower middle service class users via their B2B2C approach and to extend credit line to them, a segment which is still mostly untapped by most of the banks and financial institutions.
