Egyptian Fintech Startup, Sympl, Secures Funding from A15
Summary
Sympl was co-founded by Mohamed El-Feky (CEO), Yasmine Mohmed Henna (CCO) and Karim Tawfik (CTO) in October 2021, the startup is focused on evolving customer checkout experience and is the first technology platform empowering merchants to sell products and services directly to customers, on short-term, completely interest-free repayment plans. The partnership between A15 and Sympl will enable A15 support the development of the Sympl checkout platform and successfully help to bring it to launch to help drive innovation in Egypt’s payments sector and contribute to Egypt’s ongoing commitment to a transition to a cashless society. “We are delighted to count on key partnerships with major retailers as we launch the Sympl checkout platform and look forward to growing our presence among other local merchants, while simplifying the buying process for customers, especially in underserved segments left behind by traditional pay later offerings. We pride ourselves on the close relationships we maintain with the founders and their teams, supporting them from the beginning as part of the A15 family. We are excited to have backed Sympl from day one and are proud of the early positive signs from their launch.