In the News
This Company Can Help You Get Paid Two Days Early, Here’s How
Chris Britt, Chime CEO and co-founder, joins ‘The Exchange’ to discuss if it’s time to more away from Friday payday to a day earlier in the week.
Us Mobile Bank Chime Raises $200 Million, Valuing Its Business at $1.5 Billion
With the new funding, Chime has now raised the most funding and has the highest valuation among other U.S. challenger banks.
The ‘Neo-Banks’ Are Finally Having Their Moment
Chime, the biggest new name to pop up, has opened two million fee-free online checking accounts and is adding more customers than Wells Fargo or Citibank.
Chime Added a Record-Breaking Number of Accounts in 24 Hours Following the Wells Fargo Outage
Chime added 10,000 new bank accounts over the past 24 hours following an outage at Wells Fargo that left some customers unable to use their debit cards or access their online accounts.
Fintech startups share a similar goal: become the central hub of every transaction in your life.
“The place where the bank gets bundled is where your direct deposit goes each month. That’s really the opportunity.”
This Branchless Bank Quadrupled Its Customer Base to 4 Million in a Single Year
Chime took four years to reach 1 million users. Its growth is accelerating: The bank added 1 million users in the past three months.
Chime Included in the Most Innovative Fintech Companies in 2019
Big fintechs are getting bigger—19 of the 2019 Fintech 50 are valued at $1 billion or more.
How to Save Money When It Feels Like You Don’t Have Enough
Set automatic deposits so that the money is whisked out of your paycheck and into your savings (you can use an app like Chime.)
Digital banking startup Chime valued at $1.5 billion in new $200 million round
Chime will use the cash injection to launch new products in credit building and short-term lending.
Banking: Wells Fargo, Chime, Empower banks fight for millennial accounts
Fintechs are also pressuring the bigger banks to rethink checking account fees that can be a game-changer for many millennials.
Chime Raises $70 Million for Mobile Banking
Menlo Ventures is leading an investment in the millennial-focused personal-finance startup
Chime Leading the U.S. Challenger Banking Category
Chime members avoided more than $225 million in potential overdraft fees from traditional banks in 2017 alone, while putting over $72 million into savings.
January 31, 2018
With more than 750,000 bank accounts opened to date and over $2.5 billion in total transaction volume, Chime has emerged as the clear leader in the challenger banking segment.
September 27, 2017
Chime, the leader in mobile banking that helps members avoid fees and automate their finances, today announces $18 million in Series B financing, led by global venture fund Cathay Innovation.
Chime released its first Bank Fee Finder Summary Report to expose the impact of hidden bank fees on Americans. The report shows consumers pay $329 in bank fees each year on average.