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