# Simpl

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/simpl

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.getsimpl.com
- Total disclosed funding: $46M
- Latest round: Series B (Nov 30, 2021)
- Investors on record: 9

## About

Based in Bengaluru, India, and founded in 2015, One Sigma Technologies Private Ltd. dba Simpl is a fintech company that offers a cardless payment network with multiple solutions for merchants and consumers. Nityanand Sharma is the co-founder and CEO of the firm. In December 2021, the company has raised USD 40 million in a Series B round led by Valar Ventures and IA Ventures. Simpl’s partners include telecom network Jio Platforms, Zomato, pharmacy 1MG, grocer BigBasket, and MakeMyTrip.

The firm's platform offers only one bill for all their orders across multiple partner merchants and service providers, enabling its customers and merchants to make monetary transactions and interactions. The company is reimagining the credit card from the ground up by providing a full-stack, mobile-first platform for credit-based payments that empowers online retailers to build trusted relationships with their best customers. It also offers a one-time checkout feature: Bill Box, which allows customers to automate their recurring expense payouts, and split a bill into three parts, to build a full-stack solution.

The organization plans to use the December 2021 funding to expand its online buy now, pay later service’s offerings in the world’s second-largest market.

## Funding rounds

- Series B, Nov 30, 2021, $40M — IA Ventures, Valar, LFH Ventures
- Series A, Jan 27, 2018 — FJ Labs
- Series A, Sep 14, 2017, $4.9M — IA Ventures, SF Capital Group, Green Visor Capital, Boillot Family Trust, DIA Investments, Fermont Capital LLC
- Seed, Jun 3, 2015, $1.3M — IA Ventures, Green Visor Capital, Boillot Family Trust

## Investors

- IA Ventures (https://capitalatlas.ai/funds/ia-ventures) — Seed, Series A, Series B
- Green Visor Capital (https://capitalatlas.ai/funds/green-visor-capital) — Seed, Series A
- Boillot Family Trust (https://capitalatlas.ai/funds/boillot-family-trust) — Seed, Series A
- SF Capital Group — Series A
- DIA Investments — Series A
- Fermont Capital LLC — Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A
- Valar (https://capitalatlas.ai/funds/valar) — Series B
- LFH Ventures — Series B