Company Overview

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Status:
Acquired by BBVA
Founded:
January 1, 2009
Founders:
Alex Payne, Shamir Karkal, Josh Reich
Headquarters:
Portland, OR
Funding:
$15.3M
Categories:
Finance, Banking, Enterprise Software
Description:
Simple is a web and mobile application simplifying banking processes by unifying users' various accounts into one accessible bank card.

Detailed Description

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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.

Current Team (6)

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Past Team (4)

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Board Members and Advisors (3)

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Investors (10)

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  • 0f04502164fbb12d9b544a482f0f613e

    Neu Venture Capital

    Seed-Stage Investor
  • 64e77b7718260da88a1d266ac489c067

    IA Ventures

    Big Data Fund
  • Fiksatbhxeyht0ydq4ph

    Shasta Ventures

    Shasta Ventures is an investment company focused on companies in consumer Internet, mobile and...
  • Kgt93r6yjejcjptazutf

    Lerer Ventures

    Seed Stage VC
  • Qulwlsgonnklkvnhevze

    First Round

    First Round is a venture capital firm that specializes in providing seed-stage funding to...
  • 20e0740010dd063a306ed323780065b0

    SV Angel

    SV Angel is the micro VC firm located in Silicon Valley and founded by angel investors, Ron...
  • Yakg5nvchw4yrlis7rnj

    Village Ventures

    Village Ventures makes early stage investments in digital media and services and financial...
  • 4d0917466da353f2fa3e0a8c6c66fcd2

    Anthemis Group

    Digitally native finance.

Offices/Locations (1)

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  • Portland

    Portland, OR 97209

    USA

Images (1)

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  • 8c25b499c9e3c5f4607c006ca9f87090