Stumptown Startups Blog

Simple wants to replace your bank

Simple wants to replace your bank
Image courtesy Simple.com

Have you heard of “mystery money?"  It’s the cash you can’t quite remember spending. Maybe you bought several lattes at Café Umbria and then had a few beers at Migration, but you didn’t realize how quickly it all adds up. According to a PSU personal finance professor I interviewed for a story recently, the average person can’t keep track of about $150 a month. Well, a local startup called Simple may help change that.

The online and on-your-phone financial service makes your spending easily searchable, but that's not the only feature. After all, the company is called “Simple” because it’s supposed to be a (gasp) straight-forward banking service with (gasp again) fewer fees. It seems promising and has even gotten national attention

I have an interview scheduled with the founder later today (Thursday) and will feature Simple in a KATU News story at 5pm. I can’t wait to see if this is really the bank of the future and learn about the people making it happen right here in Portland.