Chime
Chime
Mobile banking

Fee Free Mobile Banking

Business Highlights

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.

Member First Financial Products

Fee-free Mobile Banking

Fintech Not A Bank

No Physical Branches

Key Information

Unicorns Companies on the PrimaryMarkets Platform:

  • USA based Companies with an estimated market capitalisation in excess of US$1B.
  • Trading in these securities entails compliance with USA regimes such as FINRA and SEC as well as possible ROFR (Right Of First Refusal) imposed by many Unicorns.
  • All Traders must be Sophisticated, Professional, Institutional, Accredited Investors.
  • Minimum trade size US$250,000

Financials

Total Funding (as of June 2021) – US$1.5B

Last funding round (September 2020) – US$553M (Series F)

Enterprise Value US$28.7B

Announcements

Chime Is Leading the Neobank Pack, But Complaints Are Flooding In

Read more

Fintech Unicorn Chime Adds 10 Lawyers Ahead of Possible IPO

Read more

Team

Chris Britt

CEO & CO-FOUNDER

Ryan King

CTO & CO-FOUNDER

Jim Feuille

Shawn Carolan

Kate Karas

GENERAL COUNSEL


Zach Smith

SVP, PRODUCT

Beth Steinberg

SVP, PEOPLE

Brian Mullins

SVP, RISK

Janelle Sallenave

SVP, OPERATIONS AND MEMBER EXPERIENCE

Dennis Yu

CHIEF OF STAFF

    Thank you for your enquiry.
    We will be in touch as soon as possible.

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