KUALA LUMPUR — February 13, 2017 0600 EST
Simplify, a peer-to-peer Internet sharing platform that empowers smartphone users to buy and sell mobile data, made our nation proud to clinch the world’s 50 Most Innovative Companies for 2017. The award was announced by Fast Company, a global leading progressive business media, in its annual ranking of the world’s most innovative companies list published today.
Simplify stands proud alongside global tech giants such as Amazon, Airbnb, Apple, Facebook, Google and Uber, making it one of the youngest company to win this hallmark title. “These enterprises continue to set the pace for their industries, showing agility and aggressiveness that makes them undeniable,” says Fast Company editor and managing director Robert Safian.
“This achievement has been remarkable to us, given that we are a very young company. We would like to convey our utmost gratitude and dedicate this honor to Simplify user community worldwide,” says Simplify CEO and co-founder Yen Pei Tay.
Since its official launch on Google Play store in August 2016, the Malaysian-based service has steadily built a sharing economy in the mobile broadband space, letting mobile users sell their unused mobile data at the price they set. Imagine when you are riding on an Uber, the driver shares his Simplify hotspot with you, charging on a pay-per-use basis. This proves extremely useful while traveling abroad without a data plan, eliminating the need to buy a local SIM card.
In addition, by turning smartphones into little wireless hotspots, Simplify is providing an extra mile of connectivity for good cause. This opens up new possibilities of instant “on-the-spot” connection and brings affordable Internet access to the mass. The technology behind Simplify automatically creates an encrypted password, letting users connect to the seller’s device hotspot securely, without having to ask or key in any Wi-Fi password. Similar to ride-sharing, such net-pooling strategy aims to reduce data wastage, conserve device battery while relieving network congestion.
Sharing economy like Simplify wrestles the bargaining power back to consumers and creates great values for society. Such industry-changing model is not built overnight, Simplify’s Internet sharing idea was first formulated at Massachusetts Institute of Technology (MIT) where Tay attended the Global Entrepreneurship Bootcamp. “This is only our first step to reshape telecommunications industry. The future holds tremendous promise for mobile connectivity and our team is currently exploring to launch Simplify internet drone to provide autonomous, self-organizing hotspot. Instead of chasing Wi-Fi signal, why can’t we let Internet come to the people,” added Tay.
Simplify is a peer-to-peer Internet sharing platform founded in 2016 with the mission to “Redefine Mobile Internet”. Headquartered in Kuala Lumpur, the Simplify idea and its business model were validated and refined at Massachusetts Institute of Technology (MIT) Global Entrepreneurship Bootcamp. The technology that powered Simplify has since granted a US Patent.
Simplify Networks S/B
Email : email@example.com
Phone : +(60) 16 323 9710