SIMPL in Crisis?
heard that they are burning a lot in funding discounts on D2C websites they work with to retain them. BNPL is also not doing too well.
Karilyn Lee
Stealth
a year ago
there was a time in 2019 when they were written off as closing down soon. but, in the last 4yrs, they have proved to stand firmly strong. not really by good business or people practices, but, when things are terrible, they have the team or person to always do the rescue. lets see what happens this time.
Kendall Lee
Stealth
a year ago
Lol they just fired half of that resilient team
Kendall Denver
Stealth
a year ago
What do you use it for?
Kalan Carmden
Stealth
a year ago
Simpl is now two companies. One with the checkout product, another with the BNPL product you see on Swiggy/Zomato.
The former is in shambles.
Jordon Olive
Stealth
a year ago
Both being run separately? Any insight on checkout one?
Kendall Dean
Stealth
a year ago
Different teams, yes.
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Simpl needs to get on swiggy , Amazon Flipkart ola uber Asap . Good product and use case makes payments journey shorter will help you out in times of cash crunch month end days before salary drops . It's basically free money just take it and don't return it they can't even do anything if lots of us do it company can go bust in a day .
Isaiah Dean
Stealth
a year ago
Most of these enterprises have partnered with other banks to provide pay later services which is equivalent to simpl, and less costly for them
