I spoke to Tom (CEO of Mondo) at HN London about Simple. His take is that Simple failed, and that Mondo are following a different path. I'm not clued in enough

I spoke to Tom (CEO of Mondo) at HN London about Simple. His take is that Simple failed, and that Mondo are following a different path. I'm not clued in enough to know the benefit of being a bank vs. building a UI over a willing banking partner's service.