Simple.com
Anyone Beta Testing Simple.com?
I don't know enough about their business model yet. It sounds like a very customer focused banking solution - basically the entire front end of the bank that you want. But it appears like they farm out the back end.
I'm concerned about their business model and where they are making their money. They clearly aren't striving for a bait and switch, but I fear that if another company buys them out - that's ultimately what it will become.
Anyone know how they are making money? I'd like for them to make money off something legit - so it won't ultimately turn into an unintentional bait & switch. If they aren't making money as an organization - they won't survive. They're a business and therefore needs to turn a profit.
Are they making interest off the back end? Borrowing for super cheap rates in order to source out the front end? Then don't offer their customers interest? (This is a fine biz model.)
Anyone! What's the game plan at Simple.com! I think I want in... as long as they have a plan to profit off me.
I don't know enough about their business model yet. It sounds like a very customer focused banking solution - basically the entire front end of the bank that you want. But it appears like they farm out the back end.
I'm concerned about their business model and where they are making their money. They clearly aren't striving for a bait and switch, but I fear that if another company buys them out - that's ultimately what it will become.
Anyone know how they are making money? I'd like for them to make money off something legit - so it won't ultimately turn into an unintentional bait & switch. If they aren't making money as an organization - they won't survive. They're a business and therefore needs to turn a profit.
Are they making interest off the back end? Borrowing for super cheap rates in order to source out the front end? Then don't offer their customers interest? (This is a fine biz model.)
Anyone! What's the game plan at Simple.com! I think I want in... as long as they have a plan to profit off me.
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