Since we first heard of BankSimple when Twitter’s Alex Payne left to join the venture, there has been a steady stream of funding news but not much in the way of real product. They’ve remedied that today with a walkthrough video of their web-based banking client. And I have to say, their promised of banking that “doesn’t suck” is looking intact.
This is strictly a broad-strokes video, showing… → Read More
New York City startup BankSimple today disclosed that it raised its first venture funding in a round led by First Round Capital, Roger Ehrenberg’s IA Ventures, and Village Ventures, along with seed investors SV Angel (Ron Conway) and Nauiokas Park, and Jerry Neumann. But it did not disclose how much it raised. I’ve confirmed that the round was $2.9 million, with an additional $190,000 raised… → Read More
A couple years ago when Twitter was having major scaling issues, engineer Alex Payne was able to work through them to help create the Twitter API. That API, of course, is now one of the most important on the web. And now Payne is moving on to a new challenge.