Simple

Description

Simple is online banking with superhuman customer service and tools to help you easily budget and save, right inside your account.

Overview
Type: Private
Funding Status: Series C
Foundation year: 2009
Location: Portland, Oregon, United States
Number of employees: 251-500
Founders: Alex Payne, Josh Reich, Shamir Karkal
Website: https://www.simple.com/
Target geographic market:

North America

About Product/Service
Products Online Banking (Online Checking Accounts, High-Yield Protected Goals Accounts, Shared Checking Accounts, Online Certificates of Deposit); Budgeting (Expenses, Safe-to-Spend®, Analytics: Spend and save smarter)
Core product offerings for individual/retail customersApp
The Base Currency$ (USD)
 
Openning a current account (business and personal)$0
Monthly fees$0
Issuing physical card and delivery$0
Money transfers/payments$0
ATM withdrawals$0
OverdraftsNo
Minimum USD deposit required to open (a) a personal account (b) a business account$0
(a) a personal accountYes

Key people

Funding rounds

Last Funding Date Jun 11, 2013
Last Funding Amount $2.2M
Last Funding Type Series C
Total Funding Amount $15.3M
Number of Funding Rounds 4

Financials

Customer/Products segments Banking, Budgeting, Personal Finance
Type of customersIndividuals
Number of investors 12
Number of lead investors4
Names of lead investorsLife.SREDA, IA Ventures, Village Ventures, First Round Capital

Tech stack

Competitors

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