How much does it cost to develop an on-demand app like Ok Credit

How much does it cost to develop an on-demand app like Ok Credit

Developed in 2017 an on-demand ledger app Ok Credit has over 10 million downloads on the Play Store with 4.7-star ratings. To understand it better we can also say that Ok Credit is another on-demand mobile app-based solution that provides merchants as well as business owners with a simple and reliable solution for keeping transactional records, sending payment reminders, and carrying out transactions as well as credit digitally. The Ok Credit has solved the lengthy task issue of keeping a record of every transaction and making mistakes. Now anyone can download the mobile app and start entering their day to day payment transactions as well as send Whatsapp reminders for due and upcoming payments. According to Ok Credit’s claim, their user base was constantly growing at a 100% pace every month for over 6 months in the year 2019.

Another thing to notice about the Ok Credit app is that it appraised over $67 million at a fundraiser. According to Ok Credit CEO, they have over 7 million registered merchandise on their platform.If you too are amazed by these facts and want to develop another on-demand solution for account management and wondering how much it cost to develop an on-demand app like Ok Credit then worry not because today we are going to share with you the development process of Ok Credit app as well as discuss cost deciding factors. Welcome to the Tech Pathway blog, today we have brought to you another interesting topic about how much does it cost to develop an on-demand app like Ok Credit.

Why Ok Credit app became so successful

The main reason behind the success of this on-demand solution for ledger/ account management is that the app is based on a simple basic idea which is to find a problem in the market and solve it using the digitization process. The Founder and co-founders of the app Pokharna, Gaurav Kumar, Aditya Prasad saw the problem in the market that business owners and merchants were struggling for as long as anyone can remember and that was keeping their transactional record easily as well as trying too hard to not making any mistake while balancing the sheet. Anyone who has ever balanced a sheet does know how difficult it is to maintain it and not make a mistake. 

Phokarna, Gaurav Kumar, and Aditya Prasad saw this and  They digitalized the Ledger account management and made it digital while solving customers’ issues about maintaining it by doing lengthy mathematical formulas and made the whole process automatic as well as build cloud-based storage to keep their data safe in any circumstances. 

The Ok Credit’s users can log in on any device that they want in order to access their account and data/leger account. In addition to that Ok Credit also provides another feature that enables Marchant to send an upcoming payment as well as due payment reminders to the person. 

How does Ok Credit app work

The business model of the Ok Credit app is as simple as it can get. 

  • Business owners and merchants can register into the platform using email and mobile number. 
  • And that is pretty much it. Once the registration process is complete you can log into the app and start using the app.
  • In order to use the Ok Credit app, you will make an entry into the app with name, address, and mobile number, and the amount is the same as you do it in your traditional khatabook. 
  • The Ok Credit app completes all the complex calculations itself, saving hours in return. 
  • You can use the Ok Credit app to send Whatsapp reminders as well as the ledger details using Whatsapp as well as text SMS. 

Revenue source of the Ok Credit app

In-app Google ads

The on-demand ledger management solution Ok Credit app doesn’t provide any premium features as well as any subscription-based feature so the best way to monetize the app in order to earn a profit is by using in-app ads. 

Ad-free version

Although the Ok Credit app does not have any subscription-based services. Still, the users can use the ad-free version of the app by paying a small fee per month as well as per year. 


Although the Ok Credit app is currently free, as the user base will grow, the company can start adding additional features and make them subscription-based (this is a common monetization technique among many successful apps). Features such as in-app payment can be useful and Ok Credit will take a small percentage of the total transfer amount.  

Key features of the Ok Credit app

  • Register
  • Sign in
  • User profile
  • Add transaction
  • Edit transaction
  • Sync from your old lodger book app
  • Delete transaction 
  • In-app call feature to call the customer in order to remind them about the upcoming payment date
  • Whatsapp reminder to remind about the payments in order to increase the recovery. 
  • Easy backup and Restore into the cloud 
  • Simple and smooth UI & UX as well as the layout of the app
  • Add Udhar Jama anytime

How much it costs to develop an on-demand app like Ok Credit

The final design and development costs of your app like Ok Credit will be anywhere between $5,000 to $15,000 depending upon various costs deciding factors such as the total number of features and panels you will want in your app, the total number of supported platform, the complexity of the UI & UX of your app as well as the geographic location of the development company that you will hire. The more feature-rich app you will want the more you will have to pay.

Also Read :- How much does it cost to develop an on-demand app and website like Udemy

Looking for a company to hire

If you are looking for a development company. To develop your on-demand solution within budget then you are exactly in the right place. Tech Pathway is India’s one of the top leading IT consultancy companies. We have a team dedicated to iOS app development as well as for Android app development. With expertise in all the latest tools and technologies to develop your on-demand solution. 

Here’s what we offer

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