Live data from Hacker News

Simple Bank Is Closing

oregonlive.com

611–615 of 615 posts

Re: Simple Bank Is Closing

#611

Earlier quoted context omitted.

In our case, Simple was at the end of its runway and desperately needed a buyer after our primary angel backed out. BBVA was there at literally the last second (as in, we may not have been able to make the next payroll). So yeah, it wasn't really about the founders wanting to cash out; they desperately wanted to keep the idea going.

Backed out.. as in, Bancorp dumped you? I had the completely wrong idea about that, then.

Not Bancorp, a Silicon Valley VC.

Re: Simple Bank Is Closing

#612

Earlier quoted context omitted.

In our case, Simple was at the end of its runway and desperately needed a buyer after our primary angel backed out. BBVA was there at literally the last second (as in, we may not have been able to make the next payroll). So yeah, it wasn't really about the founders wanting to cash out; they desperately wanted to keep the idea going.

Have the founders tried to find a buyer for Simple to pull it out of BBVA and save it from being shut down?

That was floated as an option, but it would complicate/delay BBVA's merger with PNC. Their entire whitelabel tech stack (Open Platform) is being shut down.

Re: Simple Bank Is Closing

#613

Earlier quoted context omitted.

Agreed. I've been using envelope budgeting since college and I simply can't fathom why most people don't do it. Actually, I can fathom it: it's because no one has been willing to keep this incredible feature in an easy-to-use product and support that product long enough for people to see the value. In college I used gnucash for this and even wrote a (now very old and somewhat embarrassing) article about it ( https://…

Your gnu cash article doesn't contain any screenshots so I'm sure you've spared us the horrors of looking at it but I feel like I can't trust you. I'll have to suffer through this myself, just to make sure.

The original article did have a few screenshots, if I remember correctly. The original host of the article, however, is long gone.

Re: Simple Bank Is Closing

#614

Earlier quoted context omitted.

Speaking of which, if anyone needs someone with 10 years of native Android experience, DMs are open (check my bio).

Yes, great job on the apps although I must ask, why did the Android app never get a transaction search feature like the iOS and web apps have?

We did get a transaction search feature, it's been in the app for several years now.

Re: Simple Bank Is Closing

#615
post #467

Earlier quoted context omitted.

They use Plaid [0] under the hood. As long as you trust it, it's safe. [0] https://plaid.com/

so a bit more secure than mint then?

Plaid doesn’t seem very secure reading this thread https://news.ycombinator.com/item?id=25753935
Post reply on HN