Simpl bags Fintech Startup of the Year title at India Fintech Awards 2020

Stocks and Financial Services Press Releases Tuesday December 29, 2020 14:47
BANGALORE, INDIA--29 Dec--PRNewswire/InfoQuest
  • Simpl has been recognised for its groundbreaking innovations towards reimagining the payment experience, both for merchants and consumers using human-centric design and machine intelligence

Simpl, a Bengaluru-based startup has won the prestigious Fintech Startup of the Year title at the Indian Fintech Awards 2020. The company empowers any merchant to build trusted relationships with their customers with every digital transaction.

The Indian Fintech Award is a part of the India Fintech Forum that acknowledges Fintech Entrepreneurs/Businesses/Leaders every year for demonstrating significant success in the launch of innovative products and services, redefining business categories, usage of disruptive technologies, thought-leadership, and for their impact on the overall fintech ecosystem.

With over 2500+ category-leading online merchants like Zomato, Bigbasket, Dunzo, etc., in its merchant network, Simpl is building the future of credit-based payments for the mobile-first consumer in India - fully digital, frictionless, transparent, inclusive and personalized.

Taking inspiration from the age-old tradition of a khaata or tab (book of accounts) used by merchants to serve their regular customers, Simpl is scaling this concept for digital commerce. Simpl enables merchants to give their consumers a safe and seamless 1-click checkout experience while consumers can aggregate their transactions with Simpl's Buy Now Pay Later line of credit, get strong buyer protection and instant chargebacks. By powering this best-in class mobile-first buying experience, Simpl helps merchants increase cart conversion, basket size and order frequency along with driving loyalty & retention of their customers.

Speaking on the win, Nityanand Sharma, Co-Founder & CEO - Simpl, said, "Our team is ecstatic at this honour. We are both happy and proud of this win, as an acknowledgement of the hard work we have put into building a product that completely transforms the payment experience, both for merchants and consumers. Today, Simpl is the world's largest pay later platform for small payments done frequently. We are at an inflexion point in our journey to bringing Buy Now Pay Later as a mainstream category of payments. This award is a recognition of all the efforts our team has put into creating a new category of payments and a breakthrough consumer experience."

About Simpl:
Simpl is an Indian startup founded in 2015 and is the world's largest Pay-Later platform for small payments done frequently. To know more visit our Blog or connect with us on LinkedIn.
Media contact:
Supriya Namrata
pr@getsimpl.com
Photo: https://mma.prnewswire.com/media/1392282/Nitya_Sharma_Simpl_CEO.jpg
Logo: https://mma.prnewswire.com/media/1392281/Simpl_logo_Logo.jpg

Latest Press Release

Cloud transformation demand rising in 2021 as pandemic drags on

Thai businesses are expected to increase cloud spending this year as they prioritise investments in critical technology to help sustain normal operations during the COVID-19 outbreak, PwC Thailand says. Businesses will likely continue to need greater...

Siam Commercial Bank Myanmar to bring full-fledged digital banking to Myanmar's financial market

Siam Commercial Bank is opening "Siam Commercial Bank Myanmar" to fully expand to Myanmar's financial market, the only Thai bank allowed to operate a wholly owned subsidiary bank in the Republic of the Union of Myanmar. SCB Myanmar will leverage its...

SCB PRIVATE BANKING delivered strong performance in 2020 with over 14% return generating even further wealth

SCB PRIVATE BANKING, by joining forces with a team of professional private investment advisors from SCBS Securities Co., Ltd.'s Chief Investment Office (SCBS CIO), has yet again announced the success of its private wealth management for high net worth...

Rapyd Raises $300 Million in Funding to Support Accelerated Growth Within Global Payments Industry

Series D financing to be used to expand company's global fintech and payments platform and enable strategic acquisitions Rapyd, a global Fintech as a Service company, today announced a $300 million Series D financing round led by Coatue. Several new...

Bangkok Bank announces temporary system maintenance of Bangkok Bank Mobile Banking to enhance service efficiency and better serve customers

Bangkok Bank would like to apologize for any inconvenience caused by its temporary maintenance of Bangkok Bank Mobile Banking on Saturday, January 16, 2021 between 01:30 a.m. - 06:30 a.m. to enhance service efficiency and better serve customers. Bangkok...

Related Topics