Founded in 2009 by Joshua Reich and Shamir Karkal, Simple was a financial technology company that aimed to revolutionize personal banking with a user-friendly interface, no hidden fees, and integrated budgeting tools like its "Safe-to-Spend" feature. It was not a chartered bank itself; instead, it partnered with FDIC-insured banks (initially The Bancorp Bank, then BBVA USA) to hold customer deposits. Simple was acquired by the Spanish banking group BBVA in 2014. In January 2021, it was announced that Simple would be closing and its accounts would be transitioned to BBVA USA, which was subsequently acquired by PNC Bank.

Founded in

India