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Siply raised $1million in seed funding

Siply for expanding its team raised 1 million in seed funding from Inflection point Ventures.

The company said they are expecting to use these funds for scaling up their technological team and to bring more new potential partners which will help them to ramp up fast.

The fintech startup is targeting 400 million underserved consumers. Through the app, they are providing a user-friendly interface and regional languages and other facilities like instant withdrawal and a wide range of investments.

Siply was founded in the year 2020 by sousthav Sousthav Chakrabarty, Anil Bhatt, and Nitin Mittal.

Siply is a tech-enabled micro-savings platform of choice for the next 400 million underserved Indians.

Siply will help to inculcate a habit of saving and using technology.

Ankur Mittal co-founder COO at inflection point ventures said Siply is helping in educating underserved masses to save and to use technology. their services also include lending platforms and chit funds which will be a big financial help in the time of need.

Shishir Gupta, Founder & CEO of StartupLanes says, “Siply is doing great. It is good to know that they are using their funds for providing a user-friendly interface in regional languages and other facilities. it is nice. Congratulations to them”

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