In case you haven’t noticed, Portland has more than its fair share of interesting regional offices — often established through acquisition. There are the obvious ones. Like AWS (via Elemental). And ebay (via Critical Path). And Akamai (via Janrain).
Unless you’ve been around the Portland startup community for a while, you may not remember Meridian. Even if you have been around a while, the name might not immediately ring a bell. But it should. Because from my perspective, it was one of the more successful startup exits in Portland. Not in total value, but definitely in multiples returned to investors and the speed at which that investment was returned.
You don’t hear as much about it as I would like, but I love the small and scrappy fintech startup community in Portland. What started with companies like Simple has spawned any number of interesting takes on banking, financing, and investing. Even the cofounder of Acorns—which enables folks to round up purchase prices to invest small increments of money—has a Portland connection. (He graduated from Lewis & Clark.) So you can imagine my excitement when I heard that Giftango founder David Nelsen was getting back in the startup game with a fintech play. And now, it’s come out of stealth. Meet Bumped.