# Simplificare

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

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.simplee.com
- Total disclosed funding: $40M
- Latest round: Series C (May 10, 2016)
- Investors on record: 5

## About

Simplificare, Inc. is a technology company focused on optimizing payment solutions, enhancing transaction efficiency across various industries with its innovative platform.Founded in 2010 in Palo Alto, US, Simplificare, Inc. specializes in payment solutions. In February 2020, the company was acquired by Flywire Payments Corporation, which focuses on streamlining global payment processes. The acquisition aligns with the strategic growth of Flywire's services. The firm has successfully completed 5 deals to date, with the latest funding round being a Series C, raising USD 20.00 mn led by Social Capital, bringing the total amount raised to USD 20.00 mn and the current company valuation to USD 60.44 mn.Simplificare, Inc. provides a next-generation payments platform designed to streamline global payment flows across industries such as education, healthcare, and travel. Its offerings include a proprietary global payment network facilitating transactions in over 140 currencies and across more than 240 regions, integrating seamlessly into existing workflows and providing customized invoicing and payment management solutions for clients.Simplificare, Inc. generates revenue through transaction fees for its payment processing services, which may include subscription fees for platform access. For example, they facilitate tuition payments for educational institutions, allowing international students to pay in local currencies while managing currency exchange and settlement in preferred currencies for institutions. This business model supports a steady revenue stream as clients rely on their solutions for payment efficiency and reconciliation.The company plans to further develop its platform with new features designed for enhanced transaction management and user experience, targeting a rollout in mid-2023. Additionally, it aims to expand into European and Asian markets by the end of 2023, utilizing funding from the Series C round to support this growth strategy. The strategic acquisition by Flywire will enhance its capabilities and market reach through shared resources and expertise, facilitating entry into new regions and sectors.

## Funding rounds

- Series C, May 10, 2016, $20M — Social Capital, Heritage Group, American Express Ventures, 83 North
- Series B, Sep 16, 2013, $10M — Social Capital, Heritage Group, 83 North
- Series A, May 10, 2012, $7.7M — Social Capital, 83 North
- Seed, Apr 1, 2011, $1.8M — Embarcadero Ventures, 83 North

## Investors

- Embarcadero Ventures (https://capitalatlas.ai/funds/embarcadero-ventures) — Seed
- 83 North (https://capitalatlas.ai/funds/83-north) — Seed, Series A, Series B, Series C
- Social Capital (https://capitalatlas.ai/funds/social-capital) — Series A, Series B, Series C
- Heritage Group — Series B, Series C
- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Series C