BankSimple Raises $10M, Adds Partnerships

8/11/11Follow @jpruth

Brooklyn’s Simple Finance Technology Corp., which does business as BankSimple, said in a blog post Wednesday that it raised $10 million in a round led by IA Ventures. Shasta Ventures and other investors also participated in the round. BankSimple is a startup working with charter banks to offer personal banking services. It plans to use the new funds to help launch its services later this year. BankSimple also entered into new partnerships with payments technology company Visa, online commercial bank The Bancorp Bank, CBW Bank, ATM network Allpoint, and Andera, a provider of online account services to financial institutions.

João-Pierre S. Ruth is the editor of Xconomy New York. He can be reached at jpruth@xconomy.com and followed on Twitter @jpruth. Follow @jpruth

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