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Simple
company
About
Simple is a web and mobile application that unifies various accounts into one accessible bank card..
- 251 - 500
Details
- Last Funding Type
- Series A
- Last Funding Money Raised
- $2.90M
- Industries
- Banking,Enterprise Software,Financial Services,FinTech
- Founded date
- Jan 1, 2009
- Number Of Employee
- 251 - 500
- Operating Status
- Active
Simple is a web and mobile application that unifies various accounts into one accessible 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.Simple has more than 100,000 customers, processed $1.7 billion in annual transactions last year, and experienced 330% customer growth. Simple was launched by Alex Payne, Shamir Karkal, and Josh Reich in January 2009 and is based in Portland, Oregon.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
1
$2.90M
Simple has raised a total of
$2.90M
in funding over 2 rounds. Their latest funding was raised on
Sep 1, 2010 from a Series A round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Sep 1, 2010 | Series A | $2.90M | 1 | — | — | Detail |
Investors
Number of Lead Investors
Number of Investors
—
1
Simple is funded by 1 investors.
500 Global
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
500 Global
|
— | Series A |
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