Small Business Showcase: SimpliCapital

Small Business

Each month, we profile a Connecticut small business, showcasing the ingenuity and innovation driving the state’s economy. For April, we spoke with leaders at SimpliCapital in Wilton. 

When was your company founded?


What does your company do?

We provide AI-powered cash management software designed for small to medium-sized businesses. 

Our solution boosts cash-on-hand by at least 20%, minimizes overdue collections, and streamlines bill payments. 

How many employees work for your company?


Who are your customers?

Our target clients include companies with an annual revenue range of $5 million to $100 million.  

While the software can be used in any sector, it is most suited for manufacturing, construction, wholesale, freight and logistics, and business services.

 We also partner with banks and financial institutions to offer a white-labeled solution to their clients.

What makes your company unique?

The service we provide is unique. 

The unique cash management system for small and medium businesses features an advanced artificial intelligence engine. 

Our AI engine predicts and suggests best steps to take, automates handling cash coming in, going out, and future cash planning, sets financial targets and comparisons through instant data analysis, and setup for clients requires less than an hour of their time. 

What is a fun fact about your business?

SimpliCapital began as a side project after years at GE, where we saw firsthand how cash shortages challenged even the largest companies during the Great Recession. 

This sparked our curiosity about why businesses fail, revealing that even profitable ones can collapse due to insufficient cash. 

Rakesh Sahay is the COO and co-founder of SimpliCapital.
Rakesh Sahay is the COO and co-founder of SimpliCapital.

While big business failures make headlines, countless small and medium-sized businesses suffer quietly. 

The pandemic underscored the critical importance of cash management, inspiring us to create SimpliCapital. 

Our goal is to empower these smaller businesses to reach their full potential.

Why did you choose Connecticut?

We live in Connecticut and therefore, it was an obvious choice. 

There is a significant number of small and medium businesses in the state who could benefit from our product.  

In addition, we have access to great talent and infrastructure.

What is the greatest advantage to operating in Connecticut?

There are a number of advantages to operating in Connecticut. Among them are access to a significant number of small and medium businesses, solid infrastructure, startup friendly policies, and Connecticut is a great place to live!

How do you try to give back to your community? 

We offer internship opportunities to college students studying artificial intelligence and software development. 

Where do you see your company in five years? Ten years?

We aim to help small and medium-sized businesses unlock their full potential. 

Our software is designed to boost their cash flow, support growth investments, and ensure resilience across economic conditions. 

Within five years, we expect to help our clients free up $1 billion in cash from their operations for growth opportunities.

What is the main thing policymakers could implement to make your company more competitive?

Policymakers are exploring options for AI regulation. 

Our company specializes in creating robust and secure AI solutions. 

It’s crucial for policymakers to recognize the importance of crafting regulations that target specific applications or use cases without imposing excessive burdens on startups and small businesses, which are vital sources of innovation.


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