Simba is a financial services startup designed to cater to the needs of immigrants, offering mobile banking and international money transfers in a single app. The company operates in the financial technology (fintech) market, specifically targeting the immigrant community who often face challenges in accessing traditional banking services.

Simba's business model is centered around providing a seamless and cost-effective banking experience for its users. The company offers free instant transfers between Simba accounts and no-fee international money transfers, which can be a significant cost-saving for immigrants who often send money back to their home countries. Simba also provides a VISA Debit Card, which can be used globally, further enhancing its value proposition to immigrants who frequently travel or have financial ties in different countries.

The company generates revenue by partnering with Metropolitan Commercial Bank for its banking services. While it's not explicitly stated, it's likely that Simba earns a commission from the bank for every new customer it brings in. Additionally, Simba may also earn interchange fees from the use of its VISA Debit Card.

Simba is not just a business, but a socially conscious enterprise. It pledges to contribute a portion of its profits to fund financial education programs and provide financial support to community organizations. This commitment to social responsibility further strengthens its appeal to its target market.

Keywords: Fintech, Immigrants, Mobile Banking, International Money Transfers, No-Fee Transfers, VISA Debit Card, Financial Services, Social Responsibility, Financial Education, Community Support.