Spanish bank BBVA says it is shutting down neobank Simple, which it acquired for $117M in 2014, and will move accounts to BBVA USA (Ingrid Lunden/TechCrunch)

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Ingrid Lunden / TechCrunch:
Spanish bank BBVA says it is shutting down neobank Simple, which it acquired for $117M in 2014, and will move accounts to BBVA USA  —  Some consolidation is underway in the world of challenger banking apps.  BBVA today told users of Simple — the pioneering mobile and online banking app …

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