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SimpliFi secures USD 5.1 million in funding

Monday 20 December 2021 14:51 CET | News

SimpliFi, a UAE-based Cards-as-a-Service platform, has reised USD 5.1 million in funding to accelerate expansion across the MENA region, following its beta launch in August 2021.

SimpliFi provides businesses a one stop solution to issue and manage their cards program. The company manages all ecosystem partners required to issue cards including banks, card schemes, processors, identity verification, card fulfilment, and customer care to deliver a seamless experience across multiple markets.

In addition to providing a purpose-built tech stack, SimpliFi manages day to day card operations and compliance functions so businesses can focus on their core strengths whilst leveraging the capabilities and scale of SimpliFi.

The company has inked several strategic partnerships with banks, processors, and other providers to enable its CaaS platform and signed up a number of clients. In parallel, SimpliFi has been building the team with experience from Careem, Grab, Gojek, Uber, PayPal, Marqeta, Mastercard, Facebook, and Network International.


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Keywords: funding, debit card, credit card, expansion
Categories: Payments & Commerce
Companies:
Countries: World
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Payments & Commerce






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