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 customers | App |
| 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 |
| Overdrafts | No |
| Minimum USD deposit required to open (a) a personal account (b) a business account | $0 |
| (a) a personal account | Yes |
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 customers | Individuals |
| Number of investors | 12 |
| Number of lead investors | 4 |
| Names of lead investors | Life.SREDA, IA Ventures, Village Ventures, First Round Capital |
Tech stack
Competitors
| Founding Date | Type | Tags | |
x Revolut Revolut is a digital banking alternative for... | 2015 | Private | challenger banks, fintech |
x Kroo Where friends & money meet. Get a debit... | 2016 | Private | Challenger banks, fintech |
x Varo Varo is a digital bank that offers innovative,... | 2015 | Private | challenger bank, fintech |
x TransactionLink We integrate tech and fintech solutions (eg.... | 2020 | Private | |
x Tandem Tandem is building a bank and financial... | 2013 | Private | challenger bank, fintech |
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