BNPL Startup Simpl Lays Off 80 Employees After RBI Whiplash

BNPL Startup Simpl Lays Off 100 Employees Amid RBI Crackdown

Simpl, a Bengaluru-based Buy Now, Pay Later (BNPL) fintech startup, has laid off approximately 100 employees following regulatory actions by the Reserve Bank of India (RBI). This move is part of a broader restructuring effort after the company was directed to halt its payment operations.RBI Orders Simpl to Cease Payment OperationsOn 25 September 2025, the RBI issued an order requiring Simpl to immediately cease its payment, clearing, and settlem…

BNPL Startup Simpl Lays Off 80 Employees After RBI Whiplash

In the wake of RBI clampdown, buy now pay later (BNPL) startup Simpl has laid off around 80 employees. While the layoffs happened across functions, the sales and marketing team were the most impacted.  Simpl’s founder and CEO Nitya Sharma told Inc42 that the startup had to undertake the restructuring activity to conserve its capital moving forward. Money Control was the first to report the development.  The layoffs come days after the apex bank …