OverviewSuggest Edit

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, US
Websitechimebank.com

Latest Updates

Employees (est.) (Jan 2020)273(-2%)
Job Openings51

Key People/Management at Chime

Chris Britt

Chris Britt

CEO & Co-Founder
Ryan King

Ryan King

CTO & Co-Founder
Matt Newcomb

Matt Newcomb

VP Finance & Strategy
Melissa Alvarado

Melissa Alvarado

VP Growth & Analytics
Brandon Golm

Brandon Golm

VP Engineering
Zach Smith

Zach Smith

VP Product
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Chime Office Locations

Chime has offices in San Francisco and Chicago
San Francisco, US (HQ)
San Francisco
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Chime Financials and Metrics

Summary Metrics

Chime's latest funding round in December 2019 was reported to be $500 m. In total, Chime has raised $808.8 m. Chime's latest valuation is reported to be $5.8 b.
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Chime Revenue

Market valuation

5.8b
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Chime Operating Metrics

Chime's Customers was reported to be 5 m in Sep, 2019. Chime's Transactions' Volume was reported to be $2.5b in Jan, 2018.
Sep, 2017Jan, 2018May, 2018Sep, 2018Feb, 2019Mar, 2019Jun, 2019Sep, 2019Dec, 2019

Customers

500 k750 k1 m1.70 m2 m3 m4 m5 m

New Users (Per Month )

150 k250 k150 k

Transactions' Volume

$2.50 b
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Chime Acquisitions / Subsidiaries

Company NameDateDeal Size
PinchSeptember 14, 2018

Chime Online and Social Media Presence

Embed Graph

Chime News and Updates

Chime – A Go Editor for macOS

Comments

Neobanks like Chime are attracting billions in VC cash, but unlike most retail banks they don't do any lending. Here's how they've built a business on referrals and debit card swipes.

The traditional banking business model is pretty simple. Banks take in deposits, then lend that money out and charge interest. They make money on the 'spread,' or, the difference between the deposit and loan rates, as well as non-interest income like overdraft fees.  There's a new cohort of buzzy …

Chime closes $500m funding round - CNBC

Chime has raised $500 million in a Series E round that values the American digital bank at $5.8 bill...

Digital Bank Chime Now Has A Valuation Of $5.8 Billion

Digital bank Chime just raised $500 million in venture funding, giving it a valuation of $5.8 billion.

Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks

Chime's move shows that for select start-ups, massive amounts of cash are still readily available.

Digital Bank Chime Will Quadruple Its Revenue In 2019, Reeling In Direct Deposits

A few key strategies have driven Chime's rapid growth, and the startup plans to launch a credit card next year.
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Chime Blogs

Kick-start your savings in the new year: Gig economy edition

We all know how critical it is to save for an emergency fund. When unexpected things happen, not having money tucked away can burn a serious hole in your pocket.  In an ideal situation, the money would come through in abundance, and you would have no trouble stacking the bills in your arsenal. But t…

Payday Advance Apps: Are They a Good Way to Get Paid Early?

When a cash crunch hits and you need some extra funds, getting paid early seems pretty sweet. To help you get your cash even faster, you can now turn to a new crop of payday advance apps. Yet, while these apps put money in your bank account when you need it, are they any good? […] The post Payday Ad…

Why New Year’s Resolutions Don’t Work — and What Does

Ah, the “jump on the bandwagon” mentality of New Year’s resolutions. The allure of a full year when you can magically transform into a new you makes it hard not to follow the crowd.  Sure, it’s tempting to commit to a New Year’s resolution. After all, everyone else is proudly posting on social media…

5 Ways to Dominate the 52-Week Savings Challenge in 2020

Among Americans who made New Year’s resolutions for 2020, nearly half (49 percent) listed saving money as a top priority, according to a YouGov poll.  Whether your goal is to create a rainy day fund, pay for your dream vacation or upgrade your car, a savings challenge is a great way to stay motivate…

How do overdraft fees work?

Checking accounts make it easy to spend, pay bills and even save, especially if you’re transferring money to a savings account automatically.  The last thing you need is to get stuck paying high fees. Overdraft fees can be one of the most expensive charges banks can tack on.  Here’s the lowdown on h…

5 Steps to Automate Your Savings

We’re all busy: with partners, pets, kids, friends, jobs, dishes, laundry… the list goes on. And at the bottom of that list, for many of us, is saving money.  With so many competing demands on our time, attention, and wallet, it’s hard to prioritize our future selves. What’s the solution? Not having…
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Chime Frequently Asked Questions

  • When was Chime founded?

    Chime was founded in 2013.

  • Who are Chime key executives?

    Chime's key executives are Chris Britt, Ryan King and Matt Newcomb.

  • How many employees does Chime have?

    Chime has 273 employees.

  • Who are Chime competitors?

    Competitors of Chime include Digit.co, Zero Financial and MoneyLion.

  • 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.