Reginal Thomas
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Simple Merges With BBVA


Simple, is a bank of sorts that puts your money in FDIC-insured accounted that are run by Simple's banking partners and provides you with a app that your can use for checking your balance, depositing checks, tagging and categorizing your purchases, and even sending paper check through the mail at no cost.

Simple has announced a merger with  Spain's second largest bank BBVA. The deal values Simple at $117 million.

Simple CEO Josh Reich said, "Simple now serves more than 100,000 customers. In 2013, we saw 330% growth and more than $1.7 billion in transactions. We’ve built a growing team of 92 talented folks and have helped tens of thousands achieve their financial goals."