BBI Programme: Debt Funds
Delivery partner: BOOST&Co
Simfoni provides digital platforms that give its clients more visibility and control over their procurement activities. Its technology helps blue-chip consultancy firms and other clients to improve their operations and reduce costs. With loan financing from BOOST&Co, Simfoni has been able to grow. The company made several key hires – including to the leadership team – and added 23 new customers, increasing its monthly recurring revenue by 256%.
Chirag Shah, Executive Chair and Co-Founder of Simfoni, said: “The funding has helped us to increase our sales and marketing presence and to support our investment in artificial intelligence as we seek to extend the scope of our activities.”