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