Portland-based online banker sells to Spain's BBVA

Portland-based online banker sells to Spain's BBVA

Simple Finance Technology Corp. was purchased by the Spanish banker for $117 million.

Simple will remain a separate brand within BBVA and will retain its Portland headquarters. The deal comes with an additional, undisclosed financial commitment to expand the operation, and Simple said it is seeking bigger offices in Portland to accommodate anticipated hiring.

Read more at OregonLive.com