Buy-now-pay-later (BNPL) fintech startup Simpl has raised $40 million in a Series B funding round led by Valar Ventures and IA Ventures, as well as existing investors.
Simpl is a credit wallet that lets people make online purchases with one click and pay later. The startup says its monthly active users have increased 10X over the last 18 months.
The startup expects to use funds from the latest round to hire talent including engineers, as well as fuel the launch of its new products and features, founder Nitya Sharma told.
