“What a bizarre concept,” as one of BankSimple‘s potential customers put it, “People on a waiting list for a bank.”
That quote came from a lengthy profile in The Carnegie Mellon Today of BankSimple cofounders Josh Reich and Shamir Karkal, currently revving up for a beta release of the highly-anticipated Web-based bank.
In this week’s Observer, I wrote about BankSimple, a very new kind of bank that two 31-year-olds, Josh Reich and Shamir Karkal, have been building this year in a Brooklyn basement. Last week, 26-year-old Alex Payne left Twitter to join them. It was fun to write about the three, although on the downside I Read More
In the basement of a Brooklyn brownstone, in between rooms taken up by a homemade video synthesizer and a worm garden, two 31-year-olds have spent the year building the next great American bank. It won’t have tellers, TV ads with handsome couples, well-lit branches, a trading division or even fees, except for the odd international wire Read More
