Fintech startup Siply has secured $1 million in a seed round led by Inflection Point Ventures. The fresh funds will be utilized for team expansion, scaling up technology, and conducting initial pilots with its partners.
Founded in July 2020 by Sousthav Chakrabarty, Anil Bhat, and Nitin Mittal, Siply is a tech-enabled micro-savings app that caters to India’s underserved population by facilitating savings as low as 1 rupee.
