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BBVA is also closing Azlo, the business bank that Stripe Atlas uses (used?) for LLCs. Looks to me like BBVA is attempting to annoy as many customers as possible
by Shank 6y ago
BBVA is also closing Azlo, the business bank that Stripe Atlas uses (used?) for LLCs. Looks to me like BBVA is attempting to annoy as many customers as possible.
I love Simple to death. They overnighted a cashier's cheque for me, for free, on holiday. They've been nothing but kind and I truly hate to see them go. I really really loved being a Simple customer.
- tmcpro 6y agoTry out Novo [1] https://banknovo.com https://banknovo.com
- nelzya 6y agohttps://www.trustpilot.com/review/banknovo.com https://www.trustpilot.com/review/banknovo.com
- wharlow9 6y agoWould definitely use app store rating as a proxy for quality of product over Trustpilot: https://apps.apple.com/us/app/novo-business-banking/id1375554760 https://apps.apple.com/us/app/novo-business-banking/id137555... -- 4.7/5 stars and 1.5k reviews vs 2.2/5 and only 39 reviews
- SheinhardtWigCo 6y agoFor a banking provider? I would not trust either of these. They're both trivially gamed.
- vageli 6y agoJust noticed their banner says, "Welcome Azlo Customers!" Pretty brilliant.
- tylermenezes 6y agoI have a very ordinary LLC and Novo rejected my application for no obvious reason, with no details whatsoever. I don't think I have anything unusual going on, so IDK how easy they actually are to work with. Mercury is another option but my experience has been that some of their offerings are at best misleading (I would argue they're deceptive), and they can't do normal things like export a QBX statement to reconcile into Netsuite, you have to write your own stuff from scratch using their API.
- immad 6y ago(I am the ceo of Mercury) We do have an export feature. Let me know what its missing (email in bio). Also, what did you think was misleading? We try to be fairly straightforward and transparent with everything we offer.
- texasbigdata 6y agoDoes it export in all formats likes he’s claiming it doesn’t? Can you point to documentation? Usually, and not always, when someone makes a shadiness it’s directionally hinting at someone.
- immad 6y agoWe have a QB export compatible file. It's an export button on the top of our transactions page and has date, description, amount, status, bank description, reference and notes as column. I don't think we have specific documentation of that feature, but I am happy to demo it. Our api documentation is here: mercury.com/api. I am sure there is something specific Tyler was talking about. Would love to learn what it is so we can fix it.
- texasbigdata 6y agoHe specifically said Netsuite and not Quickbooks but to be fair thank you for responding and clarifying with detail.
- vageli 6y agoThis is so frustrating, just got the email from Azlo today, prompted to check by this comment. No messaging on the site on login, nothing. Goodness.
- deleted 6y ago[deleted]
- thebean11 6y agoThat's surprising to me, one time my card got blocked because I used it at (I guess?) a sketchy ATM. I called them but they had zero customer service outside of business hours. Opened up a Chase account after that.
- red_hare 6y agoI'm also crushed. Simple has been my only checking account since 2011. I think I learned about them on HN. The UI is snappy and slick and their support team have always gone above and beyond. They're really the model for what a checking account should be.
- closeparen 6y agoI liked Simple’s UI and budgeting tools a lot, especially the “safe to spend” thing, but I don’t think running everything directly from a checking account is wise. It’s really better to have a credit card that you pay off every month, with solid fraud protection and rewards, and touch your debit card as little as possible. Simple’s snazzy software is not too useful when you do that. I ended up using a traditional checking account and YNAB.
- Karunamon 6y agoAgreed in principle, but unless your credit is great, getting a card with enough of a limit to let you do this is almost impossible.
- closeparen 6y agoWow. My credit card limit has been about 2x monthly income since I started working.
- hackmiester 6y agoI just won a 5+ year battle with the credit bureaus regarding a fraudulent debt and have finally opened my first credit account. So, yeah, if only.
- ssully 6y agoI've used Simple since 2014 and it's easily the best banking experience I have ever had. I've spread my spending and banking activity out over different banks/services over the years, but I always use Simple as my main bank. Honestly not sure where I will move my main account over to.
- silexia 6y agoSo many valuable businesses have been destroyed by investors or founders seeking an early exit. If you are an entrepreneur, think very long and hard before you accept any outside money. I have seen so many good businesses forced to sell by investors or a founder who thought they were done, only to regret it later.
- texasbigdata 6y agoFalse choice. Some of those destroyed businesses would have never existed without that very same investor capital
- sizzle 6y agoThey took a $117 million exit and sold their soul to Big Bank. At least Josh doesn't have to worry about budgeting money ever again for the rest of his life despite his vision of bringing this functionality to the financially challenged masses all come crashing down in flames with this announcement. I will never remain a user of a start up that sells their soul to Big Corp because of examples like Simple and being burned in the past so many times, I'm jaded.
- nefitty 6y agoChime has been pretty good to me! I had a Simple account but Chime beat them to the punch by a couple weeks to become my main bank.
- dannylandau 6y agoDitto on Simple being a good bank!
- larrydag 6y agoBBVA USA was acquired by PNC bank in 2020. This seems to be part of regulatory or just trimming assets.
- iagovar 6y agoDidn't even know there was BBVA in USA. What a surprise.
- blackaspen 6y agoAs an Azlo customer, I'm super bummed. I think this is the weird case of BBVA closing their sort of B2B Banking business (underwriting?). What annoys me more is that whatever BBVA has to "replace" Azlo (or presumably Simple) will likely be worse in every way.
- texasbigdata 6y agoProbably some 24 year old McKinsey got staffed to do the merger integration on no sleep for days on end...this is what happens.
- zippergz 6y agoI almost signed up for Azlo this week! I guess I dodged a bullet!
- christophilus 6y agoI switched from Simple to USAA, and have been really happy with their customer service. Their app sucks compared to Simple, though, but that’s probably true of 100% of banking apps.