Simple

neobanks / digital banksover the top

STATUS: Acquired/Merged
FOUNDING YEAR: 2009
LOCATION: United States
Last Update: 17/07/2020

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About

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

Transaction based revenue model.

EXISTING PARTNERSHIPS

Braintree

Bancorp

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

Traction

VALUATION / MARKET CAP:

$117 M in 2015

TRANSACTIONS VALUE:

$1.7 B

ACTIVE USERS:

0.0100

People

FOUNDERS

Josh Reich

Shamir Karkal

BOARD MEMBERS AND ADVISORS

Craig Shapiro

Sean Flynn

Jerry Neumann

Josh Kopelman

NUMBER OF EMPLOYEES

201-500

INVESTORS:

500 Startups

Anthemis Group

First Round

First Round Capital

IA Ventures

Lerer Hippeau

Lerer Hippeau Ventures

Neu Venture Capital

Sean Park

SV Angel

Thrive Capital

Village Ventures

KEY EMPLOYEES:

Alex Payne

Momentum

FUNDED

YES

TOTAL FUNDING

$15.29 M

DATE OF LAST FUNDING

Jun 2013

SEED & PRIOR FUNDING

$190 K

SEED CLOSED ON

Nov 2009

FUNDING SERIES

SERIES A  · $2.9 M  · Sep 2010

SERIES B  · $10 M  · Aug 2011

SERIES C  · $2.2 M  · Jun 2013

LISTED

NO

Innovation Programs

BASICS

STATUS:

Acquired/Merged

FOUNDING YEAR:

2009

LOCATION:

United States

Views:

1296 VISITORS | 1879 VIEWS
LATEST FUNDING ROUND

$15.3 M

TOTAL EMPLOYEES
201-500

About

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.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

Innovation Programs

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