What is Chime?
Consumer financial technology platform offering mobile banking products through partner banks.
- Category
- Consumer fintech
- Headquarters
- San Francisco, CA
- Founded
- 2012
- Employees
- ~1,300
- Total funding
- $2.3B+ private
- Status
- Public: Nasdaq CHYM
What is Chime?
Chime is a U.S. consumer fintech that provides mobile checking, savings, debit, credit-building, cash-advance, and financial-management products through partner banks.
Chime is not a bank; banking services are provided by bank partners including The Bancorp Bank and Stride Bank. The company built its brand around no monthly fees, no minimum balance requirements, early direct deposit, fee-free overdraft via SpotMe, and a mobile-first experience for everyday consumers.
Chime went public on Nasdaq in June 2025 under the ticker CHYM after years as one of the largest private U.S. neobanks. Public IPO reporting showed millions of active members, strong gross margins, and revenue growth from interchange, optional premium products, and newer financial services.
Sources:ChimeReuters - Chime IPO debut
What does Chime offer?
Chime offers mobile banking accounts, card products, paycheck access, overdraft support, credit-building, tax filing, loans, and premium memberships.
- Checking Account· Banking
- Savings Account· Banking
- SpotMe· Overdraft
- Credit Builder· Credit
- MyPay· Earned wage access
- Instant Loans· Credit
- Chime Plus· Membership
- Chime Prime· Membership
Sources:Chime productsChime newsroom
How does Chime make money?
Chime makes most of its money from debit and credit card interchange, with additional revenue from premium tiers and financial products.
Chime's core account has no monthly maintenance fee, no minimum balance fee, and no traditional overdraft fee. Its main monetization is interchange: when members spend with Chime cards, merchants pay card-network fees, and Chime receives a share through its bank and network relationships.
The company has layered on premium and optional products. Chime Plus and Chime Prime use qualifying direct deposits rather than a simple subscription price as the access gate, while products like Credit Builder, MyPay, Instant Loans, and tax filing deepen engagement and increase card spend or financial-services revenue.
Who leads Chime?
Chime is led by co-founder and CEO Chris Britt, with co-founder Ryan King as a key technology leader and a public-company finance and risk leadership bench.
- Chris BrittCo-founder and CEOCo-founder - since 2012Leads Chime's consumer fintech strategy and public-company execution.
- Ryan KingCo-founderCo-founder - since 2012Co-founded Chime and helped build the technology platform.
- Matthew NewcombChief Financial OfficerCFOOwns finance, investor reporting, and public-market discipline.
- Vineet MehraChief Marketing OfficerExecutive leadershipLeads brand, member growth, and consumer marketing.
How do you contact Chime's leadership?
Chime publishes company support and media channels, but verified personal executive emails are not public. The executive addresses below follow a common company pattern and should be verified before use.
first.last@chime.com (format-following; verify before use)Sources:Chime contactChime newsroom
How much funding has Chime raised?
Chime raised more than $2.3 billion privately before its June 2025 IPO, which raised about $864 million.
Chime's major private financing path included early venture rounds from Homebrew, Forerunner, Crosslink, Aspect/Acrew, Menlo, DST, General Atlantic, and Coatue; a $485 million round in September 2020 at a $14.5 billion valuation; and a $750 million Series G in August 2021 led by Sequoia Capital Global Equities at about a $25 billion valuation.
After delaying its expected IPO during the fintech reset, Chime went public in June 2025. The IPO priced at $27 per share, raised roughly $864 million, and initially valued the company materially below the 2021 private peak but gave Chime public-market currency and liquidity.
How did Chime get here?
Chime grew from a no-fee mobile account into a public consumer fintech platform.
- 2012FoundedChris Britt and Ryan King founded Chime in San Francisco.
- 2014LaunchChime launched its mobile banking service.
- 2020$14.5B valuationRaised $485M as digital banking demand accelerated.
- 2021Series GRaised $750M at about a $25B valuation.
- 2024IPO preparationReported millions of active members and expanding product breadth.
- 2025Nasdaq IPOWent public under CHYM and raised about $864M.
Who are Chime's competitors?
Chime competes with neobanks, consumer finance apps, online banks, and credit-building products.
- SoFiBroader public fintech with banking, lending, investing, and student-loan products.
- CurrentMobile banking app focused on younger consumers and paycheck access.
- Varo BankChartered digital bank rather than a fintech operating through partner banks.
- Cash AppConsumer money app with P2P payments, card, direct deposit, and investing features.
- DavePublic neobank and cash-advance app competing on overdraft alternatives.
Sources:Chime productsSoFi
Chime — frequently asked questions
