The 20 Best New Startups Of 2011
Funding: Raised $10 million in August and has raised ~$13 million to date.
What it is: People keep their money in more than one place and they get charged a lot of money by every bank. Simple (formerly called BankSimple) wants to merge all accounts into one and do away with fees by splitting the net interest between all of the banks involved.
It's partnering with Visa to create one, ultimate credit card that connects to all of its partner banks and 40,000 fee-free ATMs
It opened its beta a few weeks ago and will officially launch in 2012.
Read more: http://www.businessinsider.com/20-best-startups-technology-inventions-2011-12#simple-wants-to-get-rid-of-bank-fees-altogether-and-become-a-whole-new-mobile-bank-1#ixzz1fk9P5ePG
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