Bangalore based Simpl Pay provides consumers in India to pay later for many services like food, travel, movie tickets, clothes etc. It is India’s digital Khata system.
The service is available for more than 100 merchants across India. It allows one click payments and generates a single bill for all transactions. Other players in the pay later ecosystem are Lazy Pay and Epaylater. Even Ola Cabs and e-commerce platform have similar services on their platforms.
Simpl pay is available on android and ios. The user interface is still very simple. Users need to select services on apps which support Simpl pay and then during payment checkout, just select Simpl Pay as an option.
They also raised an undisclosed amount in Series A Green Visor Capital LPII. The other firms who participated in the round was IA Venture partners, Russell M Byrne, The Oliver R. Brace and DIA Investments LLC.
Simpl also helped people donate through their app for the devastating Kerela Floods.
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