Fee Free Mobile Banking
Chime is an American financial technology company which provides fee-free mobile banking services provided and owned by The Bancorp Bank or Central National Bank.
Account-holders are issued Visa debit cards and have access to an online banking system accessible through chime.com or via the mobile app for Android or iOS. Chime earns the majority of its revenue from the collection of interchange Chime is a financial technology company, not a bank.
Chime has no physical branches and does not charge monthly or overdraft fees. Chime has 8M+ account holders. Bank accounts provided via Chime’s partners are insured up to the standard maximum deposit insurance amount of $250,000.
Chime is a financial technology company founded on the premise that basic banking services should be helpful, easy and free. Chime wants to profit with its members, not from them. That’s why Chime’s model does not rely on overdraft, monthly service, minimum balance, or other consumer fees.
Chime partners with regional banks to design member first financial products. This creates a more competitive market with better, lower-cost options for everyday Americans who are not being served well by traditional banks. Chime helps drive innovation, inclusion, and access across the industry.
Chime offers various fee-free banking products, including checking accounts with no minimum balance, an automated savings feature, and early wage access.
PrimaryMarkets has sellers of this Unicorn Stock.
Minimum traction size – US$250,000.
All buyers must be Sophisticated/Accredited/Wholesale/Institutional Investors.
If interested please contact [email protected].
Total Funding (as of June 2021) – US$1.5B
Last funding round (September 2020) – US$553M (Series F)
Enterprise Value US$28.7B