About SimplyBank
SimplyBank is a company based in Dayton (United States) founded in 1890 was acquired by First Financial in November 2023.. SimplyBank offers products and services including Personal Checking Accounts, Personal Savings Accounts, Mortgages, Auto Loans, and Credit Cards. SimplyBank operates in a competitive market with competitors including Ally, Lead Bank, R Bank, Catalyst Bank and TASI, among others.
- Headquarter Dayton, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name First Financial Bank Na
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
First Financial
(Nov 13, 2023)
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Products & Services of SimplyBank
SimplyBank offers a comprehensive portfolio of products and services, including Personal Checking Accounts, Personal Savings Accounts, Mortgages, Auto Loans, and Credit Cards. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Accounts for everyday transactions and cash management.
Options for building emergency funds and earning interest.
Funding for home purchases and refinancing needs.
Financing for vehicles with quick approval processes.
Cards for secure transactions and rewards programs.
Loans to support business growth and operations.
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Funding Insights of SimplyBank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SimplyBank
SimplyBank has secured backing from 1 investor. Prominent investors backing the company include FFGA. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Employee benefits and investment solutions are provided by FFGA.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SimplyBank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SimplyBank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Simplybank Comparisons
Competitors of SimplyBank
SimplyBank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ally, Lead Bank, R Bank, Catalyst Bank and TASI, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Banking, auto finance, investment, and insurance services are provided.
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| domain | founded_year | HQ Location |
Fintech-focused banking and BaaS platform are provided nationwide.
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| domain | founded_year | HQ Location |
Digital native bank
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| domain | founded_year | HQ Location |
Business bank
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| domain | founded_year | HQ Location |
Provides banking, lending, and financial advice to support local business growth and operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about SimplyBank
When was SimplyBank founded?
SimplyBank was founded in 1890.
Where is SimplyBank located?
SimplyBank is headquartered in Dayton, United States. It is registered at Dayton, Ohio, United States.
Who is the current CEO of SimplyBank?
John Owen is the current CEO of SimplyBank.
What does SimplyBank do?
SimplyBank was founded in 1890 and is headquartered in Dayton, United States. The platform operates in the financial services sector, focusing on digital banking solutions. Services include eStatements, debit card dispute resolution, online bill pay, and 24-hour telephone banking. These offerings are designed to support convenient access for personal and business customers through an online interface.
Who are the top competitors of SimplyBank?
SimplyBank's top competitors include Ally, Lead Bank and Catalyst Bank.
What products or services does SimplyBank offer?
SimplyBank offers Personal Checking Accounts, Personal Savings Accounts, Mortgages, Auto Loans, and 2 more products and services.
Who are SimplyBank's investors?
SimplyBank has 1 investor. Key investors include FFGA.