Simple (Acquired/Merged)

neobanks / digital banks | over the top

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1252 VISITORS | 1810 VIEWS

FOUNDING YEAR: 2009

LOCATION:

United States

REGION:

Oregon

Last Update:
18 Oct, 2019

Description

Simple was acquired by Banco Bilbao Vizcaya Argentaria bank on February 20, 2014. Simple is mobile/web interface which provides users with access to data around their financial history, as well as tracking of expenditures and savings goals, with automated purchase data collected when its customers use their Simple Visa debit card.

FOCUS

PRODUCTS & SERVICES:

Simple Visa Card.

REVENUE MODEL:

Viewable by subscribers only

EXISTING PARTNERSHIPS:

Braintree, Bancorp, Dropbox - To bring innovation and enhancements to the customers’ financial lives.

PEOPLE

FOUNDERS:

Josh Reich, Shamir Karkal, Alex Payne

Board Members and Advisors:

Craig Shapiro, Sean Flynn, Jerry Neumann, Josh Kopelman

NUMBER OF EMPLOYEES:

201-500

INVESTORS:

First Round, IA Ventures, Village Ventures, 500 Startups, Anthemis Group, Lerer Hippeau Ventures, Neu Venture Capital, SV Angel, Thrive Capital, Sean Park

TRACTION

VALUATION / MARKET CAP:

$117 MM in 2015

TRANSACTIONS VALUE:

$1.7 Billions

ACTIVE USERS:

0.0100

MOMENTUM

FUNDED:

YES

TOTAL FUNDING:

$15.29 Millions

SEED & PRIOR FUNDING:

$190 K

FUNDING SERIES:

SERIES A

$2.9 Millions Closed:

SERIES B

$10 Million Closed:

SERIES C

$2.2 Millions Closed:

COMMENTS

SERIES B : .

LISTED:

LATEST RESEARCH

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