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Home टेक्नॉलॉजी

Spanish bank BBVA says it is shutting down challenger bank Simple, which it acquired for $117M in 2014, and will move accounts to BBVA USA (Ingrid Lunden/TechCrunch)

Mehra Media Team by Mehra Media Team
January 7, 2021
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Ingrid Lunden / TechCrunch:

Spanish bank BBVA says it is shutting down challenger bank Simple, which it acquired for $117M in 2014, and will move accounts to BBVA USA  —  Some consolidation is underway in the world of challenger banking apps.  BBVA at this time instructed customers of Simple — the pioneering cellular and on-line banking app …





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Tags: 117MaccountsacquiredbankBBVAchallengerIngridLundenTechCrunchmoveshuttingSimpleSpanishUSA
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