Listen as Portland’s Shamir Karkal, cofounder of fintech startup Sila and cofounder of Simple, discusses the current state of fintech with Nasdaq.
We don’t make a big deal of it, but Oregon punches above its weight for innovative fintech expertise. From the Simple diaspora to current players like Bumped, Expensify, and Sila, there are a lot of local folks rethinking finance and the infrastructure that runs it. And it’s always nice when other regions recognize how compelling that talent is. Like Lincoln Savings Bank which has recently hired former Simple exec and Seed cofounder Ryan Hildebrand to head up innovation.Read More
Remember products like Adium and FriendFeed? What about Google Reader? You know, things that were designed to simplify your life by bringing a bunch of disparate information streams into a single interface? Now a new service from a Portland fintech startup is taking that kind of thinking to banking. Meet BankShift.Read More
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.