Symplifica

Company overview
Headquarters: Colombia
Countries of Operations: Colombia
Women owned /led: Founded by at least one woman
Year of founding: 2016
Number of FTEs : 50 to 100 FTEs
Legal status of the organization : For-profit

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Company overview
Headquarters: Mexico
Countries of Operations: Mexico
Legal status of the organization : For-profit
Year of founding: 2018
Number of FTEs : 5 to 20 FTEs
Women owned / led: Founder
Care economy activities and business model
About the organization:
Symplifica is an innovative platform that seeks to provide social security and extralegal benefits to domestic workers and nannies. Their mission is to offer formalization mechanisms through technological tools that allow domestic workers to improve their quality of life. Symplifica has already impacted 15k employers and generated more than 10 million USD in social security payments. They recently received USD 3 million from Open Society Foundations.
Activities in the care economy: Provision of technology, services & policies/practice that improve condition for domestic & care worker (e.g. apps that calculate decent remuneration)
Stage of growth: Mass roll-out/Expansion
Type of services: Domestic services, Labour saving solutions
Number of customers (2020): Between 5,000 to 25,000
Number of customers (2019): Between 1,000 to 5,000
Number of customers (2018): Between 1,000 to 5,000
Financials
Profitability status: Not profitable yet but planning to become profitable within 5 years
Revenue USD (2020): Between 500,000 to 1 million
Revenue USD (2019): Between 500,000 to 1 million
Revenue USD (2018): Between 250,000 to 500,000
Pathways to impact
Challenge addressed: Lack of / poor remuneration for care and domestic workers (Reward)
Pathway to impact - 4 Rs: Reward
Populations affected: Paid care workers, Paid domestic workers
Number of people served (2020): Between 5,000 to 25,000
Number of people served (2019): Between 5,000 to 25,000
Number of people served (2018): Between 5,000 to 25,000