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Anyone know what went wrong at Simple (if anything) that led to them selling to BBVA?
by Austin_Conlon 5y ago
Anyone know what went wrong at Simple (if anything) that led to them selling to BBVA?
- edoceo 5y agoMaybe nothing? Build a company, get clients (ie: take from competition), get noticed, get bought. Circle of life. Here's the post about the buy https://www.bbva.com/en/bbva-acquires-simple-to-accelerate-digital-banking-expansion/ https://www.bbva.com/en/bbva-acquires-simple-to-accelerate-d...
- nieve 5y agoBBVA was also one of the initial venture funders for Simple.
- banana-stand 5y agoOne of Simple's co-founders posted about this on Reddit recently: https://www.reddit.com/r/SimpleBanking/comments/lxxkdy/simple_cofounders_on_clubhouse_tonight/gpr41w2 https://www.reddit.com/r/SimpleBanking/comments/lxxkdy/simpl... TL;DR It was a desperate move to keep the company going after a large financial backer bailed.