BankSimple Raises $10M, Adds Partnerships

Brooklyn’s Simple Finance Technology Corp., which does business as BankSimple, said in a blog post Wednesday that it raised $10 million in a round led by IA Ventures. Shasta Ventures and other investors also participated in the round. BankSimple is a startup working with charter banks to offer personal banking services. It plans to use the new funds to help launch its services later this year. BankSimple also entered into new partnerships with payments technology company Visa, online commercial bank The Bancorp Bank, CBW Bank, ATM network Allpoint, and Andera, a provider of online account services to financial institutions.

Author: João-Pierre S. Ruth

After more than thirteen years as a business reporter in New Jersey, João-Pierre S. Ruth joined the ranks of Xconomy serving first as a correspondent and then as editor for its New York City branch. Earlier in his career he covered telecom players such as Verizon Wireless, device makers such as Samsung, and developers of organic LED technology such as Universal Display Corp. João-Pierre earned his bachelor’s in English from Rutgers University. View all posts by João-Pierre S. Ruth