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Simpl introduces early settlement for D2C merchants to reduce CoD settlement time by up to 90 per cent

OutlookIndiaOutlookIndia · 11m
Simpl introduces early settlement for D2C merchants to reduce CoD settlement time by up to 90 per cent

Fintech startup Simpl has launched 'Early Settlement', a business offering for D2C (Direct-to-Customer) merchants in India. The service aims to reduce the settlement time for Cash on Delivery (CoD) orders by up to 90%, improving daily sales by almost 40%. CoD orders typically take 15-20 days to settle, causing cash flow issues. Simpl's Early Settlement ensures same-day settlement for both CoD and prepaid orders, helping merchants improve their cash flow and reconciliation. Over two dozen merchants have already adopted Early Settlement, experiencing increased sales and improved cash flow. Simpl plans to introduce real-time settlements for CoD transactions in the future.

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