SIMPL in Crisis?
heard that they are burning a lot in funding discounts on D2C websites they work with to retain them. BNPL is also not doing too well.
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there was a time in 2019 when they were written off as closing down soon. but, in the last 4yrs, they have proved to stand firmly strong. not really by good business or people practices, but, when things are terrible, they have the team or person to always do the rescue. lets see what happens this time.
Lol they just fired half of that resilient team
Simpl looks good to me, are you sure about this?
Simpl needs to get on swiggy , Amazon Flipkart ola uber Asap . Good product and use case makes payments journey shorter will help you out in times of cash crunch month end days before salary drops . It's basically free money just take it and don't return it they can't even do anything if lots of us do it company can go bust in a day .
Most of these enterprises have partnered with other banks to provide pay later services which is equivalent to simpl, and less costly for them
Can someone add more to this?
Anyone having concrete reasons that they gonna die?