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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 and Anil Bhat, 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.
Legal Name
:
Siply Services Private Limited
Headquarters
:
Bengaluru, Karnataka, India
Business Model
:
B2C  
Founding Date
:
18th Jul 2020
No. of Employees
:
21 to 40
Core Team
:
1.  
Sousthav Chakrabarty
Co-founder & CEO
2.  
Anil Bhat
Co-Founder
Funding

Total Funding

$1.0M

Investors
:
1.  
QI Ventures
2.  
Inflection Point Ventures
3.  
JITO Angel Network
Detail Round Breakdown
Round 1
Round 2
Round 3
Round 4

$1.4M

Series Name
:
SEED
Date
:
31st Dec 2020