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Chime Summary

Overview

Chime is a company developing a mobile platform that offers banking services. It helps to track account balances, daily transactions, and savings, to send money instantly to friends using Pay Friends service, to deposit paper checks with the snap of a photo using mobile check deposit, and more. Chime members receive a Visa Debit Card, a Spending Account, and an optional Savings Account.
TypePrivate
Founded2013
HQSan Francisco, CA, USMap
Websitechime.com
Overall CultureDMore

Locations

Chime is headquartered in
San Francisco, United States

Location Map

Latest Updates

Company Growth (employees)

Employees (est.) (Jun 2021)1,016(+6%)
Job Openings108
Website Visits (Apr 2021)8 m
Cybersecurity ratingAMore

Key People/Management at Chime

Chime Office Locations

Chime has offices in San Francisco and Chicago

Chime Financials and Metrics

Summary Metrics

Founding Date

2013

Chime total Funding

$1.3 b

Chime latest funding size

$485 m

Time since last funding

9 months ago

Chime investors

Menlo Ventures, DST Global, Coatue Management, Crosslink Capital, Homebrew, Forerunner Ventures, Aspect Ventures, Dragoneer Investment Group, General Atlantic, Northwestern Mutual, Omidyar Network, PivotNorth Capital, Iconiq Capital, IrishAngels, Amino Capital, Cathay Innovation, Zander Lurie, Clocktower Technology Ventures, ICONIQ, Northwestern Mutual Future Ventures, Access Technology Ventures, Dragoneer, Opera Tech Ventures, Tiger, Whale Rock Capital

Chime's latest funding round in September 2020 was reported to be $485 m. In total, Chime has raised $1.3 b. Chime's latest valuation is reported to be $1.5 b.

Chime Operating Metrics

Chime's New Users (Per Month) was reported to be 150 k in Dec, 2019.

Sep, 2017Jan, 2018May, 2018Sep, 2018Feb, 2019Mar, 2019Jun, 2019Sep, 2019Dec, 2019
Customers500 k750 k1 m1.7 m2 m3 m4 m5 m
Transaction Volume$2.5 b
New Users (Per Month)150 k250 k150 k

Chime Acquisitions / Subsidiaries

Company NameDateDeal Size
PinchSeptember 14, 2018

Chime Hiring Categories

Chime Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

Chime Website Traffic

Alexa Website Rank

Total Visits per monthSimilarWeb

Chime Online and Social Media Presence

Twitter followers

120.31 k Twitter followers

6 Months

Chime has 120.31 k Twitter Followers. The number of followers has increased 0.05% month over month and increased 37.28% quarter over quarter.

Chime's Trends

Search term - Chime

Twitter Engagement Stats for @Chime

  • 20.3 k

    Tweets

  • 2.63 k

    Following

  • 120.31 k

    Followers

  • 681

    Tweets last 30 days

  • 9.4

    Avg. likes per Tweet

  • 51.8%

    Tweets with engagement

Chime Company CultureCultureAndCompensation Logo

  • Overall Culture

    D

    61/100

  • CEO Rating

    D-

    56/100

  • Compensation

    C-

    63/100

  • Diversity

    D-

    55/100

Learn more on Comparably

Chime News and Updates

May 25, 2021
Chime and Revaluate Combine AI-driven Technologies to Deliver Next Level Lead Conversions
_3xOCqPartnership will help real estate professionals pinpoint leads that have the highest propensity to transact Partnership will help real estate professionals pinpoint leads that have the highest propensity to transact
May 13, 2021
Chime and EyeSpy360 Partner to Meet Demand for Digital Innovations in Real Estate
_3xOCqIntegration will provide high-quality, affordable digital home showings direct from Chime platform Integration will provide high-quality, affordable digital home showings direct from Chime platform
May 12, 2021
Consumers Win As Chime And Other Fintechs Jockey To Make Overdraft Fees Obsolete
_3xOCqChime has become the latest digital banking fintech to up its overdraft coverage, now at a maximum of $200.
May 10, 2021
Chime to stop calling itself a 'bank' to settle legal action
_3xOCqSummary List PlacementUS-based neobank Chime will no longer refer to itself as a bank after it agreed to a settlement with the California Department of Financial Protection and Innovation.  The regulator took action against the US neobank in 2020 because it doesn't have a state banking license. The settlement calls for Chime to add clarifications about its operations to its website and advertising by May 15. Moving forward, Chime will state that it is a fintech and that it partners with outside banks to provide its offerings.  Some of the neobank's licensed competitors argue that their licensing helps bolster their reputations, which would also come with the ability to offer deposit products without needing to partner—or share revenues—with a sponsor bank. Green Dot CEO Dan Henry said in an earnings call that its ability to market itself as a "bank" means that it is a "legitimate financial institution," while Varo CEO Colin Walsh said having a charter allows it to build trust with consumers. Several banking challengers have recently obtained charters as they have expanded, taking different paths to get there. OCC charters: Varo was the first neobank to get a national charter when it won Office of the Comptroller of the Currency (OCC) approval last August. However, the process was long and costly for Varo, taking three years and $100 million due to capital requirements. Industrial banking licenses: Square, which offers payments services to small and medium-sized businesses (SMBs), got approval for an industrial banking charter in March 2020 and launched a small business bank a year later. Having a bank allows Square to collect deposits from its SMB customers, giving the fintech access to affordable funds that it can later lend out to SMBs. M&A: In March, US-based alt lender SoFi agreed to pay $22 million for Golden Pacific Bancorp Inc., a community bank headquartered in California. The deal gives SoFi a banking license as it plans to go public. SoFi got its charter through the M&A route after trying two slower paths: a 2017 attempt to get an industrial banking license in Utah—which it pulled—and a preliminary approval for a national charter that it got last October from the OCC. Chime's settlement may prompt more neobanks to look closer at getting charters as a trust-building move. For challengers willing to invest the time and capital, the ability to legally call themselves "banks" in marketing could help increase trust with prospective and current customers. This is a lucrative benefit, given that there is greater customer satisfaction among digital banking users with above-average digital trust in their banks than among those with below-average levels, Insider Intelligence found in a survey of US digital banking users, along with more frequent usage of online and mobile services. A greater proportion of customers with above-average digital trust levels also say they would open their next account with their current bank. Want to read more stories like this one? Here's how you can gain access: Join other Insider Intelligence clients who receive Banking forecasts, briefings, charts, and research reports to their inboxes each day. >> Become a Client Explore related topics more in depth. >> Browse Our Coverage Current subscribers can access the entire Insider Intelligence content archive here.Join the conversation about this story »
May 10, 2021
If Chime Isn’t A Bank, Then What Is It?
_3xOCqAccording to a settlement agreement with California regulators. challenger bank Chime must state that customers can open a checking account ‘through’ the company rather than ‘opening a Chime bank account.’ The agreement shines a spotlight on how out of touch current bank regulations are.
May 06, 2021
The Daily Crunch: Chime will stop calling itself a bank to settle complaint by CA regulators
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Chime Blogs

Jun 03, 2021
Student Loans 101: What to Know About Borrowing for College
The post Student Loans 101: What to Know About Borrowing for College appeared first on Banking Made Awesome.
Jun 02, 2021
Chime In: Our LGBTQ Members Share What They’ve Learned About Money & What Pride Means to Them
The post Chime In: Our LGBTQ Members Share What They’ve Learned About Money & What Pride Means to Them appeared first on Banking Made Awesome.
May 19, 2021
What Do You Need to Open a Bank Account?
The post What Do You Need to Open a Bank Account? appeared first on Banking Made Awesome.
May 19, 2021
It’s the Perfect Time to Start Saving
The post It’s the Perfect Time to Start Saving appeared first on Banking Made Awesome.
May 14, 2021
When to Choose a Credit Card vs. Debit Card
The post When to Choose a Credit Card vs. Debit Card appeared first on Banking Made Awesome.
May 13, 2021
Chime In: Dreams that can come true with good credit
The post Chime In: Dreams that can come true with good credit appeared first on Banking Made Awesome.

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When was Chime founded?
Chime was founded in 2013.
Who are Chime key executives?
Chime's key executives are Chris Britt, Ryan King and Mark Troughton.
How many employees does Chime have?
Chime has 1,016 employees.
Who are Chime competitors?
Competitors of Chime include Paymentus, Starling Bank and MX.
Where is Chime headquarters?
Chime headquarters is located at San Francisco, San Francisco.
Where are Chime offices?
Chime has offices in San Francisco and Chicago
How many offices does Chime have?
Chime has 2 offices.

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