Photo - Simplicity Fintech Inc
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Simplicity Fintech Inc

USA, California
Market: Financial services
Stage of the project: Prototype or product is ready

Date of last change: 16.02.2022
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Idea

sim is a mobile, gamified, AI-powered accounting solution that eliminates the need for QuickBooks.

Current Status

We're currently building our MVP.

Problem or Opportunity

Fintech is unbundled and entrepreneurs are overwhelmed. 23M American small businesses need to juggle between their business bank account, general ledger accounting software (Quickbooks), expense management platform (Brex/Divvy), recurring invoicing (Stripe), AR/AP (Bill.com), and Peer-to-peer payments (Zelle/PayPal). Millennials and Gen Z’s lack a simplified solution that performs accounting on their crypto transactions. sim does it all from one app.

Solution (product or service)

A small business ecosystem with instant payments, instant payroll, and simplified accounting on both fiat and crypto.

Business model

Interchange revenue from the use of our debit card, SaaS revenue for accounting on eternal accounts, card processing fee revenue from invoice payments.
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