Siply is a tech-enabled platform that provides micro financial services to underserved Indians via its mobile app and website.

Basic Information

Siply is a Bengaluru-based tech-enabled micro-savings application. Founded in July 2020 by Sousthav Chakrabarty, Anil Bhat, and Nitin Mittal, Siply is a fintech startup that claims to be catering to 40 crore underserved masses, making them financially independent. This micro-savings app provides frictionless savings with the help of a vernacular approach, digital onboarding, instant withdrawal, and a wide range of investments. The startup is also working on enabling micro-savings for users of other platforms through a platform-as-a-service (PaaS) model. It has signed MOUs with Bighaat, Gig4CE, Pickmywork, and Xoxoday, and is in talks with other large institutional partners as well. In January 2021, the startup raised $1 million in a seed round led by Inflection Point Ventures. See more

Legal Name

:

Siply Services Private Limited

Headquarters

:

Bengaluru, Karnataka, India

Founding Date

:

2020

No. of Employees

:

21 to 40

Core Team

:
1.

Nitin Mittal

Co-Founder

2.

Sousthav Chakrabarty

Co-founder & CEO

3.

Anil Bhat

Co-Founder

Funding

Total Funding

$1.0M

Investors

:

1.

Inflection Point Ventures

2.

JITO Angel Network

Detail Round Breakdown

Round 1

$3.2M

Series Name

:

SEED

Date

:

25th Oct 2021

Investors

:
1.

LetsVenture

2.

AngelList India

3.

Founder's Room Circle

See More