SlideShare a Scribd company logo
As chief executive officer of MergerTech,
Nitin Khanna oversees a team of technology
investment experts who aid firms with
mergers and acquisitions, recapitalizations,
and other matters. In early 2014, Nitin
Khanna coordinated a $100-million-dollar-
plus deal between Simple Finance
Technology Corp. and BBVA.
Headquartered in Brooklyn for two years before
relocating to Portland in 2011, Simple Finance
Technology Corp. offers unique online financial
services. Focused on making banking easier and
more fun for the digital generation, this company
produced a smartphone app that allows users to
track their spending in real time through an easy
interface. Among its budgeting features are
enabling people to take pictures of what they buy
and entering prices in a Checkbook function, as
well as “tracking” how much money they spend
when they are around specific individuals. Within a
year, it acquired 100,000 customers.
BBVA recognized the potential of this app and the
company's dedication to quality customer service.
Its director of strategy and corporate development
complimented Simple Finance Technology for
creating something that even major financial
institutions cannot simply duplicate. In February
2014, the two firms arranged a deal with the
assistance of MergerTech that saw BBVA buying
the other company for $117 million. Although now
operating as a division in BBVA, Simple Finance
Technology will remain in Portland and use the
money to expand its facility.

More Related Content

What's hot

HLB for new graduates
HLB for new graduatesHLB for new graduates
HLB for new graduates
Shailesh Grover
 
Linqto and western independent bankers launch new apps store for banks
Linqto and western independent bankers launch new apps store for banksLinqto and western independent bankers launch new apps store for banks
Linqto and western independent bankers launch new apps store for banks
slpr2012
 
How Artificial Intelligence Changed the World of Customer Experience.
How Artificial Intelligence Changed the World of Customer Experience.  How Artificial Intelligence Changed the World of Customer Experience.
How Artificial Intelligence Changed the World of Customer Experience.
Ria Katiyar
 
Utilizing artificial intelligence potential in financial services & insurance
Utilizing artificial intelligence potential in financial services & insuranceUtilizing artificial intelligence potential in financial services & insurance
Utilizing artificial intelligence potential in financial services & insurance
CANOPY ONE SOLUTIONS
 
Exponential banking: Reinventing Financial Services in a world of Exponential...
Exponential banking: Reinventing Financial Services in a world of Exponential...Exponential banking: Reinventing Financial Services in a world of Exponential...
Exponential banking: Reinventing Financial Services in a world of Exponential...
Vincent Teo
 
Presentación Guillermo Tolosa, ICBC - Club Banca Digital Julio
Presentación Guillermo Tolosa, ICBC - Club Banca Digital JulioPresentación Guillermo Tolosa, ICBC - Club Banca Digital Julio
Presentación Guillermo Tolosa, ICBC - Club Banca Digital Julio
Asociación de Marketing Bancario Argentino
 
2019 Mobile Finance Trends and Innovations
2019 Mobile Finance Trends and Innovations2019 Mobile Finance Trends and Innovations
2019 Mobile Finance Trends and Innovations
Corporate Insight
 
Improve Customer Engagement With An Intelligent Application Strategy
Improve Customer Engagement With An Intelligent Application StrategyImprove Customer Engagement With An Intelligent Application Strategy
Improve Customer Engagement With An Intelligent Application Strategy
CI&T
 
7 keys to open doors at Goldman Sachs
7 keys to open doors at Goldman Sachs7 keys to open doors at Goldman Sachs
7 keys to open doors at Goldman Sachs
databahn
 
Visual delivery-reconstruction-for-international Finance Centre
Visual delivery-reconstruction-for-international Finance CentreVisual delivery-reconstruction-for-international Finance Centre
Visual delivery-reconstruction-for-international Finance Centre
Intetics
 
Goqii ventures into heath care services, digital payments
Goqii ventures into heath care services, digital paymentsGoqii ventures into heath care services, digital payments
Goqii ventures into heath care services, digital payments
eTailing India
 
API is the New Black for FinTech & Financial Institutions
API is the New Black for FinTech & Financial InstitutionsAPI is the New Black for FinTech & Financial Institutions
API is the New Black for FinTech & Financial Institutions
Elias Gagas
 
FABRIC - Open Banking Teaser
FABRIC - Open Banking TeaserFABRIC - Open Banking Teaser
FABRIC - Open Banking Teaser
Gavin Payne
 
The Digital Insurer Award - AIA Company Limited
The Digital Insurer Award - AIA Company LimitedThe Digital Insurer Award - AIA Company Limited
The Digital Insurer Award - AIA Company Limited
The Digital Insurer
 

What's hot (15)

HLB for new graduates
HLB for new graduatesHLB for new graduates
HLB for new graduates
 
CSI Article
CSI ArticleCSI Article
CSI Article
 
Linqto and western independent bankers launch new apps store for banks
Linqto and western independent bankers launch new apps store for banksLinqto and western independent bankers launch new apps store for banks
Linqto and western independent bankers launch new apps store for banks
 
How Artificial Intelligence Changed the World of Customer Experience.
How Artificial Intelligence Changed the World of Customer Experience.  How Artificial Intelligence Changed the World of Customer Experience.
How Artificial Intelligence Changed the World of Customer Experience.
 
Utilizing artificial intelligence potential in financial services & insurance
Utilizing artificial intelligence potential in financial services & insuranceUtilizing artificial intelligence potential in financial services & insurance
Utilizing artificial intelligence potential in financial services & insurance
 
Exponential banking: Reinventing Financial Services in a world of Exponential...
Exponential banking: Reinventing Financial Services in a world of Exponential...Exponential banking: Reinventing Financial Services in a world of Exponential...
Exponential banking: Reinventing Financial Services in a world of Exponential...
 
Presentación Guillermo Tolosa, ICBC - Club Banca Digital Julio
Presentación Guillermo Tolosa, ICBC - Club Banca Digital JulioPresentación Guillermo Tolosa, ICBC - Club Banca Digital Julio
Presentación Guillermo Tolosa, ICBC - Club Banca Digital Julio
 
2019 Mobile Finance Trends and Innovations
2019 Mobile Finance Trends and Innovations2019 Mobile Finance Trends and Innovations
2019 Mobile Finance Trends and Innovations
 
Improve Customer Engagement With An Intelligent Application Strategy
Improve Customer Engagement With An Intelligent Application StrategyImprove Customer Engagement With An Intelligent Application Strategy
Improve Customer Engagement With An Intelligent Application Strategy
 
7 keys to open doors at Goldman Sachs
7 keys to open doors at Goldman Sachs7 keys to open doors at Goldman Sachs
7 keys to open doors at Goldman Sachs
 
Visual delivery-reconstruction-for-international Finance Centre
Visual delivery-reconstruction-for-international Finance CentreVisual delivery-reconstruction-for-international Finance Centre
Visual delivery-reconstruction-for-international Finance Centre
 
Goqii ventures into heath care services, digital payments
Goqii ventures into heath care services, digital paymentsGoqii ventures into heath care services, digital payments
Goqii ventures into heath care services, digital payments
 
API is the New Black for FinTech & Financial Institutions
API is the New Black for FinTech & Financial InstitutionsAPI is the New Black for FinTech & Financial Institutions
API is the New Black for FinTech & Financial Institutions
 
FABRIC - Open Banking Teaser
FABRIC - Open Banking TeaserFABRIC - Open Banking Teaser
FABRIC - Open Banking Teaser
 
The Digital Insurer Award - AIA Company Limited
The Digital Insurer Award - AIA Company LimitedThe Digital Insurer Award - AIA Company Limited
The Digital Insurer Award - AIA Company Limited
 

Similar to Nitin Khanna- The 2014 Sale of Simple Finance Technology Corp.

Empowering Financial Inclusion- How Dubai’s Fintech App Development Companies...
Empowering Financial Inclusion- How Dubai’s Fintech App Development Companies...Empowering Financial Inclusion- How Dubai’s Fintech App Development Companies...
Empowering Financial Inclusion- How Dubai’s Fintech App Development Companies...
Techugo
 
idevspot clone scripts.pptx
idevspot clone scripts.pptxidevspot clone scripts.pptx
idevspot clone scripts.pptx
shelli davis
 
NayaOne Weekly Round Up August Edition 4.pdf
NayaOne Weekly Round Up August Edition 4.pdfNayaOne Weekly Round Up August Edition 4.pdf
NayaOne Weekly Round Up August Edition 4.pdf
AndrewTaylor421584
 
Revolutionizing Financial Experiences Unveiling the Power of Finance App Deve...
Revolutionizing Financial Experiences Unveiling the Power of Finance App Deve...Revolutionizing Financial Experiences Unveiling the Power of Finance App Deve...
Revolutionizing Financial Experiences Unveiling the Power of Finance App Deve...
Sophia Millerr
 
Fintech app development
Fintech app developmentFintech app development
Fintech app development
zaarahary
 
The Outlook for FinTech
The Outlook for FinTechThe Outlook for FinTech
The Outlook for FinTech
Codal
 
Navigating the fintech landscape part 03
Navigating the fintech landscape part 03Navigating the fintech landscape part 03
Navigating the fintech landscape part 03
Jaideep Tibrewala
 
Fintech App Ideas to Consider in 2021 for Startups
Fintech App Ideas to Consider in 2021 for StartupsFintech App Ideas to Consider in 2021 for Startups
Fintech App Ideas to Consider in 2021 for Startups
QSS Technosoft
 
Disruptive innovation in financial sector with special reference to banking s...
Disruptive innovation in financial sector with special reference to banking s...Disruptive innovation in financial sector with special reference to banking s...
Disruptive innovation in financial sector with special reference to banking s...
Rossy Mathur
 
From Traditional Banking to Digital Solutions The Rise of Fintech App Develop...
From Traditional Banking to Digital Solutions The Rise of Fintech App Develop...From Traditional Banking to Digital Solutions The Rise of Fintech App Develop...
From Traditional Banking to Digital Solutions The Rise of Fintech App Develop...
Techugo
 
Challenges for the Future of Retail Banking
Challenges for the Future of Retail BankingChallenges for the Future of Retail Banking
Challenges for the Future of Retail Banking
Designit
 
Omnichannel Automation - Financial Services - PUSHTech
Omnichannel Automation - Financial Services - PUSHTechOmnichannel Automation - Financial Services - PUSHTech
Omnichannel Automation - Financial Services - PUSHTech
PUSHTech
 
Exploring Fintech Solution Transformational Role the Digital Era Savings.pptx
Exploring Fintech Solution Transformational Role the Digital Era Savings.pptxExploring Fintech Solution Transformational Role the Digital Era Savings.pptx
Exploring Fintech Solution Transformational Role the Digital Era Savings.pptx
Panamax, Inc
 
Mobile Finance: 2016 Trends and Innovations
Mobile Finance: 2016 Trends and InnovationsMobile Finance: 2016 Trends and Innovations
Mobile Finance: 2016 Trends and Innovations
Corporate Insight
 
How to Build a Fintech App - Everything You Should Know!
How to Build a Fintech App - Everything You Should Know!How to Build a Fintech App - Everything You Should Know!
How to Build a Fintech App - Everything You Should Know!
default default
 
How much does it cost to develop a fintech app
How much does it cost to develop a fintech appHow much does it cost to develop a fintech app
How much does it cost to develop a fintech app
FuGenx Technologies
 
MTBiz Nov-Dec 2017
MTBiz Nov-Dec 2017MTBiz Nov-Dec 2017
MTBiz Nov-Dec 2017
Mutual Trust Bank Ltd.
 
Fintech App Development Revolution & Its Trends Basics to Know.pdf
Fintech App Development Revolution & Its Trends Basics to Know.pdfFintech App Development Revolution & Its Trends Basics to Know.pdf
Fintech App Development Revolution & Its Trends Basics to Know.pdf
Laura Miller
 
Early Stage Fintech Investment Thesis (Sept 2016)
Early Stage Fintech Investment Thesis (Sept 2016)Early Stage Fintech Investment Thesis (Sept 2016)
Early Stage Fintech Investment Thesis (Sept 2016)
Earnest Sweat
 
2020's Leading Fintech Companies to Watch
2020's Leading Fintech Companies to Watch2020's Leading Fintech Companies to Watch
2020's Leading Fintech Companies to Watch
The Business Fame
 

Similar to Nitin Khanna- The 2014 Sale of Simple Finance Technology Corp. (20)

Empowering Financial Inclusion- How Dubai’s Fintech App Development Companies...
Empowering Financial Inclusion- How Dubai’s Fintech App Development Companies...Empowering Financial Inclusion- How Dubai’s Fintech App Development Companies...
Empowering Financial Inclusion- How Dubai’s Fintech App Development Companies...
 
idevspot clone scripts.pptx
idevspot clone scripts.pptxidevspot clone scripts.pptx
idevspot clone scripts.pptx
 
NayaOne Weekly Round Up August Edition 4.pdf
NayaOne Weekly Round Up August Edition 4.pdfNayaOne Weekly Round Up August Edition 4.pdf
NayaOne Weekly Round Up August Edition 4.pdf
 
Revolutionizing Financial Experiences Unveiling the Power of Finance App Deve...
Revolutionizing Financial Experiences Unveiling the Power of Finance App Deve...Revolutionizing Financial Experiences Unveiling the Power of Finance App Deve...
Revolutionizing Financial Experiences Unveiling the Power of Finance App Deve...
 
Fintech app development
Fintech app developmentFintech app development
Fintech app development
 
The Outlook for FinTech
The Outlook for FinTechThe Outlook for FinTech
The Outlook for FinTech
 
Navigating the fintech landscape part 03
Navigating the fintech landscape part 03Navigating the fintech landscape part 03
Navigating the fintech landscape part 03
 
Fintech App Ideas to Consider in 2021 for Startups
Fintech App Ideas to Consider in 2021 for StartupsFintech App Ideas to Consider in 2021 for Startups
Fintech App Ideas to Consider in 2021 for Startups
 
Disruptive innovation in financial sector with special reference to banking s...
Disruptive innovation in financial sector with special reference to banking s...Disruptive innovation in financial sector with special reference to banking s...
Disruptive innovation in financial sector with special reference to banking s...
 
From Traditional Banking to Digital Solutions The Rise of Fintech App Develop...
From Traditional Banking to Digital Solutions The Rise of Fintech App Develop...From Traditional Banking to Digital Solutions The Rise of Fintech App Develop...
From Traditional Banking to Digital Solutions The Rise of Fintech App Develop...
 
Challenges for the Future of Retail Banking
Challenges for the Future of Retail BankingChallenges for the Future of Retail Banking
Challenges for the Future of Retail Banking
 
Omnichannel Automation - Financial Services - PUSHTech
Omnichannel Automation - Financial Services - PUSHTechOmnichannel Automation - Financial Services - PUSHTech
Omnichannel Automation - Financial Services - PUSHTech
 
Exploring Fintech Solution Transformational Role the Digital Era Savings.pptx
Exploring Fintech Solution Transformational Role the Digital Era Savings.pptxExploring Fintech Solution Transformational Role the Digital Era Savings.pptx
Exploring Fintech Solution Transformational Role the Digital Era Savings.pptx
 
Mobile Finance: 2016 Trends and Innovations
Mobile Finance: 2016 Trends and InnovationsMobile Finance: 2016 Trends and Innovations
Mobile Finance: 2016 Trends and Innovations
 
How to Build a Fintech App - Everything You Should Know!
How to Build a Fintech App - Everything You Should Know!How to Build a Fintech App - Everything You Should Know!
How to Build a Fintech App - Everything You Should Know!
 
How much does it cost to develop a fintech app
How much does it cost to develop a fintech appHow much does it cost to develop a fintech app
How much does it cost to develop a fintech app
 
MTBiz Nov-Dec 2017
MTBiz Nov-Dec 2017MTBiz Nov-Dec 2017
MTBiz Nov-Dec 2017
 
Fintech App Development Revolution & Its Trends Basics to Know.pdf
Fintech App Development Revolution & Its Trends Basics to Know.pdfFintech App Development Revolution & Its Trends Basics to Know.pdf
Fintech App Development Revolution & Its Trends Basics to Know.pdf
 
Early Stage Fintech Investment Thesis (Sept 2016)
Early Stage Fintech Investment Thesis (Sept 2016)Early Stage Fintech Investment Thesis (Sept 2016)
Early Stage Fintech Investment Thesis (Sept 2016)
 
2020's Leading Fintech Companies to Watch
2020's Leading Fintech Companies to Watch2020's Leading Fintech Companies to Watch
2020's Leading Fintech Companies to Watch
 

Recently uploaded

Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdfMeas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
dylandmeas
 
LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024
Lital Barkan
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
Nicola Wreford-Howard
 
Digital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and TemplatesDigital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and Templates
Aurelien Domont, MBA
 
Top mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptxTop mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptx
JeremyPeirce1
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
NZSG
 
Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024
Kirill Klimov
 
Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...
Lviv Startup Club
 
Buy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star ReviewsBuy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star Reviews
usawebmarket
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
tanyjahb
 
An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.
Any kyc Account
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
SynapseIndia
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Arihant Webtech Pvt. Ltd
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Lviv Startup Club
 
Training my puppy and implementation in this story
Training my puppy and implementation in this storyTraining my puppy and implementation in this story
Training my puppy and implementation in this story
WilliamRodrigues148
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.docBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
daothibichhang1
 
Understanding User Needs and Satisfying Them
Understanding User Needs and Satisfying ThemUnderstanding User Needs and Satisfying Them
Understanding User Needs and Satisfying Them
Aggregage
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
Cynthia Clay
 
Brand Analysis for an artist named Struan
Brand Analysis for an artist named StruanBrand Analysis for an artist named Struan
Brand Analysis for an artist named Struan
sarahvanessa51503
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
agatadrynko
 

Recently uploaded (20)

Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdfMeas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
 
LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
 
Digital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and TemplatesDigital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and Templates
 
Top mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptxTop mailing list providers in the USA.pptx
Top mailing list providers in the USA.pptx
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
 
Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024
 
Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...
 
Buy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star ReviewsBuy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star Reviews
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
 
An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
 
Training my puppy and implementation in this story
Training my puppy and implementation in this storyTraining my puppy and implementation in this story
Training my puppy and implementation in this story
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.docBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
 
Understanding User Needs and Satisfying Them
Understanding User Needs and Satisfying ThemUnderstanding User Needs and Satisfying Them
Understanding User Needs and Satisfying Them
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 
Brand Analysis for an artist named Struan
Brand Analysis for an artist named StruanBrand Analysis for an artist named Struan
Brand Analysis for an artist named Struan
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
 

Nitin Khanna- The 2014 Sale of Simple Finance Technology Corp.

  • 1.
  • 2. As chief executive officer of MergerTech, Nitin Khanna oversees a team of technology investment experts who aid firms with mergers and acquisitions, recapitalizations, and other matters. In early 2014, Nitin Khanna coordinated a $100-million-dollar- plus deal between Simple Finance Technology Corp. and BBVA.
  • 3. Headquartered in Brooklyn for two years before relocating to Portland in 2011, Simple Finance Technology Corp. offers unique online financial services. Focused on making banking easier and more fun for the digital generation, this company produced a smartphone app that allows users to track their spending in real time through an easy interface. Among its budgeting features are enabling people to take pictures of what they buy and entering prices in a Checkbook function, as well as “tracking” how much money they spend when they are around specific individuals. Within a year, it acquired 100,000 customers.
  • 4. BBVA recognized the potential of this app and the company's dedication to quality customer service. Its director of strategy and corporate development complimented Simple Finance Technology for creating something that even major financial institutions cannot simply duplicate. In February 2014, the two firms arranged a deal with the assistance of MergerTech that saw BBVA buying the other company for $117 million. Although now operating as a division in BBVA, Simple Finance Technology will remain in Portland and use the money to expand its facility.