Tunisia-based fintech My Simple Switch has raised a $423,000 funding from 216 Capital.
Based in 2022 by two brothers Ismaïl Khenissi and Jabrane Khenissi, My Simple Switch goals to simplify cash switch providers from the Tunisian diaspora to their households contained in the nation.
“My Simple Switch represents an enormous potential, able to remodeling the monetary switch panorama and providing sooner, extra economical options for customers,” explains Dhekra Khelifi, Associate at 216 Capital.
This fundraising marks a significant milestone within the historical past of the startup, which goals to evolve its platform to fulfill all of the cost wants of the diaspora: cash transfers, sending cell top-ups, invoice funds—all in a single cell app.
My Simple Switch additionally plans to evolve its mannequin to turn out to be the primary cost Tremendous App for the diaspora, strengthening its presence in Tunisia by way of new partnerships and increasing into new markets in Africa resembling Morocco, Mali, Senegal…
Ismail Khenissi, co-founder of My Simple Switch, mentioned, “We wish to supply each Tunisian dwelling overseas the potential for managing all their monetary transactions to Tunisia from their smartphone with our platform.