Tag: simple

Not so Simple: Taking on established banking was no small feat

As mentioned previously today, Portland’s Simple is being shuttered by acquirer BBVA ahead of PNC completing the acquisition of BBVA USA properties. Not only did the move adversely impact many of our fellow Portlanders and the Portland fintech community — as did the similar shuttering of Azlo today — but it also marked the end of a banking story of David and Goliath proportions. Where Goliath won.

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Apparently it’s not just Simple. Azlo — another Portland fintech player — is getting shut down, too.

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.

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CONFIRMED: Simple is being shut down [UPDATED]

Among the other bad news from yesterday, I got a number of pings from folks to let me know that Simple, one of the startups that helped put the Portland startup community on the map, is being shut down. There has not be an official communication in this regard, but there has been discussion online about it.

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Who says there’s no such thing as a free lunch? #SimpleSharesTheBill helps local Oregon restaurants

Granted, I’ve been a Simple customer for a long long time. (Full disclosure: They’re a PIE alum.) But if I wasn’t, this is the kind of thing that would inspire me to become one. During this Memorial Day weekend, if you use your Simple card to buy food from a local Oregon restaurant, they’ll reimburse you $20.

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Curious about Blockchain? Sila is here to help

By now, we’ve all heard the buzz about Blockchain. And cryptocurrency. But what are the other potential applications of this technology? Blockchain startup Sila — a company cofounded by Shamir Karkal, the cofounder of Simple — wants to help answer that question — and other questions you might have. And they’re hosting a webinar this week to do just that.

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With Portland startup Bumped, buying stuff can also have you buying stock

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.

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Tired of reading about unicorns? Cool. Let's talk about piggies. And the reality of startup life.

Back in the old days of Silicon Florist, I used to highlight other blog posts that were awesome. Mostly, because a lot more people used to blog back then. And I am lazy. Well, guess what? Even though fewer people seem to be doing the blogging thing like they used, I am still categorically lazy. Plus this piece by Oscar Godson was great. So I’m sharing it. Read More

Design is not a department: Simple on the value of design for startups

With a wealth of startups and a rich community of creatives and agencies—digital and otherwise—it should come as no surprise that Portland has the potential to be a hub of design driven startups. But as a startup, how do you approach the problem of embracing design and thinking about it wholistically? Simple has some thoughts on the matter. And they’ll be sharing them at a Designspeaks event on Wednesday, April 1, 2015. Read More

Not so terrible twos: Simple marks two year anniversary of banking service

They grow up so fast. It seems like just a few months ago that we were all patiently waiting to be allowed behind the velvet rope that was a new kind of banking experience. Now Simple has been providing that service for two years—and now they’re letting everyone in. Read More

Reminiscing and retrospecting: Strands of Simple's acquisition story pre-date the company's Portland existence

When the news of Simple’s acquisition hit this morning, it immediately dawned on me that I have been so incredibly lucky to be around—recording and blogging—the company’s entire Portland existence. Read More

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