SimpliFi raises $5.1 million in funding to enhance its technology

SimpliFi raises $5.1 million in funding to enhance its technology

Press release:

SimpliFi, a Cards as a Service (CaaS) platform for Mena and Pakistan, has raised $5.1 million in funding to accelerate its expansion across the region following its beta launch in August 2021.  

This round of funding saw participation from Global Founders Capital, Raed Ventures,  4DX Ventures and Rally Cap Ventures. Both Raed Ventures and Rally Cap Ventures had participated in SimpliFi’s funding round earlier in the year along with a number of strategic investors from the region and outside as well as current and former employees of Careem, Facebook, Plaid and Remitly.