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We could have been viable. We were also the first movers, and had a uniquely bad scenario that required an immediate sale. Younger competitors are in the news f

• relyks 6y ago
  Simple was way better than Chime, Varo, or any of the other newer "millennial" banks. It's a shame it didn't work out :(
• sayhar 5y ago
  What was the scenario?
  • tadfisher 5y ago
    We had courted an investor and our runway ran right up until the expected cash from said investor. At the last second, the investor pulled out of the deal. The cofounders and key team members mortgaged their homes to make payroll while we searched for a buyer to keep the company going. That buyer ended up being BBVA, and the rest is history.
    • tptacek 5y ago
      Right, so: BBVA didn't so much target Simple for "consolidation" so much as rescue the employees of Simple.