Capital One Acquires Mobile Savings Startup BankOns, Team Moving To Capital One Labs

San Francisco-based?BankOns, an early stage mobile startup, has been acquired by Capital One and will now be incorporated into Capital One's Digital Labs.?This very young company was founded in summer 2010, and launched in May 2011, with the aim of offering tools that would allow banks to reward users based on their geo-location and their purchase history. Investors in the company include Dave McClure's 500 Startups and financial consultant Mark Greenough, who had put in during the friends and family seed round.?Neither the amount of the seed round nor the deal terms were disclosed. Investors in the company include 500 Startups and financial consultant Mark Greenough, who had put in during the friends and family seed round.?The amount of the seed round nor the deal terms were disclosed.

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