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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 CultureC-More

Locations

Chime is headquartered in
San Francisco, United States

Location Map

Latest Updates

Company Growth (employees)

Employees (est.) (Feb 2021)792(+7%)
Website Visits (Dec 2020)9 m(+15%)
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

6 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

A

97/100

SecurityScorecard logo

Chime Website Traffic

Alexa Website Rank

Total Visits per monthSimilarWeb

Chime Online and Social Media Presence

Twitter followers

87.11 k Twitter followers

6 Months

Chime has 87.11 k Twitter Followers. The number of followers has increased 0.86% month over month and increased 6.40% quarter over quarter.

Chime's Trends

Search term - Chime

Twitter Engagement Stats for @Chime

  • 17.55 k

    Tweets

  • 2.71 k

    Following

  • 87.11 k

    Followers

  • 688

    Tweets last 30 days

  • 6.9

    Avg. likes per Tweet

  • 42.3%

    Tweets with engagement

Chime Company CultureCultureAndCompensation Logo

  • Overall Culture

    C-

    66/100

  • CEO Rating

    D

    62/100

  • Compensation

    C-

    64/100

  • Diversity

    D+

    62/100

Learn more on Comparably

Chime News and Updates

Feb 24, 2021
Thousands of Top Real Estate Agents Rely on Chime AI Assistant to Effectively Attract, Nurture and Convert Leads
Chime’s intuitive chatbot doubles response rate and increases capture rates by more than 30% Chime’s intuitive chatbot doubles response rate and increases capture rates by more than 30%
Feb 01, 2021
Challenger Bank Chime Reaches The 12 Million Customer Mark
_3xOCqIn January 2020, just 4% of Gen Zers and Millennials considered a checking account from an online bank their primary account. By December 2020, that percentage had grown to 15%. It came mostly at the expense of Bank of America, JPMorgan Chase, and Wells Fargo.
Jan 25, 2021
Chime Achieves Profitability in Record Time; Eclipses Industry Veterans to Secure Third Leading Market Position
In 2020, company increased customer roster by more than 90%, executed strategic industry partner program and accelerated product development despite global pandemic In 2020, company increased customer roster by more than 90%, executed strategic industry partner program and accelerated product development despite global pandemic
Jan 06, 2021
Chime Successfully Executes Strategic Partner Program to Bolster Real Estate Sales Acceleration Platform
Growing technology ecosystem extends value of CRM to support agents, teams and brokerages amid rapid industry change Growing technology ecosystem extends value of CRM to support agents, teams and brokerages amid rapid industry change
Jan 05, 2021
Chime and Current made select clients' stimulus payments available to them on December 29
_3xOCqSummary List PlacementThe two US neobanks used their balance sheets to make select clients' stimulus payments available to them on December 29—the day the federal government started sending payments to banks, meaning that those customers got their payments before clients of established incumbent banks, The Wall Street Journal reports. Current had credited accounts for tens of millions of dollars in payments by December 30, per founder and CEO Stuart Sopp. Meanwhile, a Chime spokeswoman said that by early December 31, that the neobank had made $700 million in stimulus payments available to more than 700,000 of its customers. For Chime, this early access is a bold expansion of a pilot the neobank ran in April, during the first round of stimulus checks. Shortly before the government began sending out $1,200 checks, Chime selected 1,000 customers who received their payments instantly through its SpotMe feature, which usually acts as an overdraft protection feature, allowing customers to go negative in their accounts without having to pay an overdraft fee. The neobank later modified and expanded the pilot, offering $200 cash advances to 100,000 customers. That Chime is now taking a more aggressive line—providing the latest $600 stimulus check to a much larger number of clients—suggests that its April pilot was a success. Providing early access to stimulus funds is a reputation-boosting move for neobanks, and could be a potent customer retention and acquisition tool. The initiative got much-needed and long-delayed financial relief to Chime's and Current's customers as quickly as possible. That could spark goodwill among current users and the general public, generating positive word of mouth for the neobanks without cutting into their marketing budgets. Early stimulus check access could also spur more customers to set up direct deposit with the neobanks, especially if they position their similar early wage access feature alongside the stimulus funds perk. This can turn customers into stickier, more valuable users in the longer term. As a final added benefit, stimulus advances could also help bolster Chime's and Current's relationships with the federal government, which expects all banks to help ease the pandemic's economic burden on consumers—and may be impressed to see neobanks stepping up too. Want to read more stories like this one? Here's how you can gain access: Join other Insider Intelligence clients who receive this Briefing, along with other 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 »
Dec 14, 2020
United States Open Loop Prepaid Cards Market Forecast to 2024, Featuring Key Players American Express, Chime, Discover, green Dot and More
Dublin, Dec. 14, 2020 (GLOBE NEWSWIRE) -- The "17th Annual U.S. Open Loop Prepaid Cards Market Forecast 2020-2024, Part Two" report has been added to ResearchAndMarkets.com's offering.

Chime Blogs

Mar 03, 2021
ACH Payments: How Do They Work?
The post ACH Payments: How Do They Work? appeared first on Banking Made Awesome.
Mar 01, 2021
Meet 5 Women Who Are Making a Difference in Our Members’ Lives
The post Meet 5 Women Who Are Making a Difference in Our Members’ Lives appeared first on Banking Made Awesome.
Mar 01, 2021
Benefits of Direct Deposit
The post Benefits of Direct Deposit appeared first on Banking Made Awesome.
Feb 25, 2021
How to use SpotMe like a Pro
The post How to use SpotMe like a Pro appeared first on Banking Made Awesome.
Feb 15, 2021
50/30/20 Budget Rule: The Full Breakdown
The post 50/30/20 Budget Rule: The Full Breakdown appeared first on Banking Made Awesome.
Feb 10, 2021
7 Paw-some Ways to Spoil Your Pet on a Budget
The post 7 Paw-some Ways to Spoil Your Pet on a Budget 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 792 employees.
Who are Chime competitors?
Competitors of Chime include MX, Digit.co and Zero.
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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