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Acquired byaka-aki networks
Price$117M
Date2/2014

General Information

Offices

Portland

People

Founder, CEO
Co-founder, CFO
COO
Board Director
Board Member
Investor
Creative Director
Board observer
Front-end Engineer

Funding

Tags

Simple

Simple (formerly BankSimple) is creating a better interface for banking through the Web and mobile apps. In partnership with financial institutions which will hold the actual deposits, Simple is focusing on creating a better customer experience and simplifying the banking process by unifying all accounts into one, accessible through a bank card.

Rather than making money from different fees, Simple plans to split the net interest margin with its partner banks (the difference between the rate they lend at and the rate they pay to depositors), thus eliminating the incentive to push more confusing products at consumers.

Recent Milestones

Videos

Above:

Simple demoing at FinovateFall 2011

Added: 3/14/14

Screenshots

Simple screenshot
Above: Simple Screenshot -- #1
Uploaded: 10/9/13

Sources

  1. Banking Startup Simple Acquired For $117M, Will Continue To Operate Separately (techcrunch.com) [edit]
  2. TechCrunch [edit]
  3. BankSimple Deposits $3.1 Million From First Round, Ron Conway, And Roger Ehrenberg (techcrunch.com) [edit]
  4. Cha-Ching: BankSimple Banks $10 Million In New Funds And Some Heavy-Hitting Partnerships (techcrunch.com) [edit]
  5. Bank startup Simple's latest cash infusion (bizjournals.com) [edit]
  6. BankSimple, highly touted financial services startup, is now simply Simple (oregonlive.com) [edit]
    Banking Startup Simple Acquired For $117M, Will Continue To Operate Separately (techcrunch.com) [edit]
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Last Edited 4/8/14

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