Today Simple celebrates the first birthday of its official launch. The Portland-based startup also announced that its 40,000 members are processing $1 billion in transactions per year.
Simple is known for its customer-friendly banking practices that give users an easy-to-understand view of their finances, better budgeting tools, and no overdraft fees.
In its blog post, Simple unveils the following stats:
- It employs 72, having doubled the number of employees in the past year
- More than 250,000 people have requested an invite to Simple
- In the Goals feature, customers have accumulated nearly $100 million
- Simple’s Visa debit cards have been swiped more than 2 million times
- It has at least 1 customer in each state
VentureBeat states that CEO and Founder Josh Reich’s only regret is that he wishes he would have added remote deposit check capture from the very start, instead of waiting until late November.
To learn more about Simple, watch its initial demo at FinovateFall 2011.