Sympl Company for Financial Solutions and Technology SAE
Latest round
- Seed
Last raised
- Dec 2021
Total raised
- $6M
Investors
- 3
About Sympl Company for Financial Solutions and Technology SAE
Founded in 2021 and headquartered in 6th of October, Egypt, Sympl Company for Financial Solutions and Technology SAE provides innovative payment solutions for consumers. The company was co-founded by Karim Tawfik, Mohamed El-Feky, and Yasmine Henna, with Mohamed El-Feky serving as CEO.Sympl is a financial technology platform that provides interest-free payment solutions for consumers and retailers. Launched in 2021, the company enables customers to purchase products and services using short-term payment plans structured into three, four, or five installments. This is accomplished without any application processes, hidden fees, or interest charges, making it accessible for anyone with an eligible bank card. Sympl primarily serves consumers in Egypt, allowing them to make purchases at a wide range of partnered retail outlets, including major brands across various categories such as fashion, footwear, beauty, and more.Sympl's revenue model is based on transaction fees collected from merchants when customers utilize their payment solutions at checkout. Retailers partner with Sympl to offer flexible payment plans, which can significantly enhance sales volume and average order values. Transactions occur directly at the point of sale, whether in-store or online, where customers select their preferred payment plan and make an optional down payment. The service includes a one-time service fee paid at the time of purchase, which contributes to Sympl's revenue stream. This growth strategy aims to improve its product offerings to better cater to platform consumers, supporting their goal of enhancing the user experience and accessibility in the market.
Who invested in Sympl Company for Financial Solutions and Technology SAE
3 investors across 1 round
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Funding rounds
Seed
Dec 9, 2021
Amount
$6M
Investors
Questions about Sympl Company for Financial Solutions and Technology SAE
Who invested in Sympl Company for Financial Solutions and Technology SAE?
Sympl Company for Financial Solutions and Technology SAE has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Sympl Company for Financial Solutions and Technology SAE raised?
Sympl Company for Financial Solutions and Technology SAE has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Sympl Company for Financial Solutions and Technology SAE last raise money?
Sympl Company for Financial Solutions and Technology SAE's most recent round on record is a Seed, in Dec 2021.
What does Sympl Company for Financial Solutions and Technology SAE do?
Founded in 2021 and headquartered in 6th of October, Egypt, Sympl Company for Financial Solutions and Technology SAE provides innovative payment solutions for consumers.
Where is Sympl Company for Financial Solutions and Technology SAE headquartered?
Sympl Company for Financial Solutions and Technology SAE is headquartered in 6th of October, Egypt.
Which VCs invest in companies like Sympl Company for Financial Solutions and Technology SAE?
Among active investors with capital left to deploy, Al Mada Innovation, DisrupTech Ventures, AXIAN Investment and Chui Ventures back financial services companies at Sympl Company for Financial Solutions and Technology SAE's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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