The once flourishing Portland startup fintech community has had some unfortunate setbacks, as of late. Acorns, Simple, and Azlo are no longer here. And while companies like Expensify and Bumped continue to grow, we haven’t seen a great deal of activity of up and comers, lately. Until now. Created by startup fintech veterans with more than 60 years experience as a team, we now have a new Portland fintech startup to watch: quin.Read More
Earlier today, Portland’s Simple — one of the companies that helped inform this generation of the Portland startup community — announced that they were shutting down. But unfortunately, they’re not the only Portland fintech affected by the BBVA USA sale to PNC. Azlo — often referred to as “Simple for business banking” — which also has a significant Portland presence and was part of the BBVA-PNC deal, is being shut down, too.Read More
Since its inception, Portland Startup Week has been all about supporting a variety of self organized events that celebrate the Portland startup community. But in the four years of organizing the event, we’ve never had something quite the scope of Finnovation PDX, an absolutely free — food, drink, and swag — half day celebration of the FinTech community in the Rose City.
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.