Archives

April 22, 2024 @ 9:00 pm By Omar Faridi  |  

According to a recent survey, the memes are true: while only a quarter (26%) of Gen Z respondents say they can successfully define taxable income, “more than half (52%) of Gen Zs know the mitochondria as the powerhouse of the cell.” On top of that,… Read More

March 17, 2024 @ 11:48 pm By Omar Faridi  |  

In time for tax season, Chime is offering its in-app tax filing pilot program for free¹ to even more members. After early success with the pilot launch, the all-new tax feature is now available to millions more Chime members, showing members are eager for a… Read More

March 1, 2024 @ 8:45 am By Omar Faridi  |  

The California Department of Financial Protection and Innovation (DFPI) announced that it has entered into a consent order with San Francisco-based Chime Financial, Inc.. The order, which includes “a $2.5 million penalty, resolves DFPI’s investigation regarding the accuracy and responsiveness of Chime’s handling of customer… Read More

February 27, 2024 @ 4:15 pm By Omar Faridi  |  

Chime is pleased to announce a new partnership with Zogo, a financial education platform that offers bite-sized, gamified lessons where users can complete lessons to earn real rewards like gift cards, charity donations and more. All Chime members now “have fee-free access to more than… Read More

December 29, 2023 @ 9:42 am By Omar Faridi  |  

At Chime, they claim to firmly believe that their members’ experience with our products is at the core of their success. That’s why Chime claims it continuously goes the extra mile “by investing in simple, beautiful, easy experiences that allow their members to control their… Read More

December 18, 2023 @ 9:27 pm By Omar Faridi  |  

Chime is pleased to welcome Shara Chang to the company as Chief Compliance Officer. Shara reportedly “brings 15 years of financial services, fintech, and consumer protection experience to Chime.” She’s previously advised banks and high-growth companies “on regulatory compliance, risk management, and product development.” As… Read More

July 25, 2023 @ 6:38 pm By Omar Faridi  |  

Chime is pleased to announce that Madhu Muthukumar has joined the company as our first Chief Product Officer (CPO). This appointment furthers Chime’s commitment “to creating the next wave of innovative products and services critical to their members’ needs and their long-term success as we… Read More

April 11, 2023 @ 8:17 pm By Omar Faridi  |  

Chime is pleased to announce that Nick Fairbairn has joined the company as VP of Product Marketing. Nick reportedly “brings a wealth of experience to the role, having served as the former CMO of Gabi andr Sr. Director of Acquisition then later VP of Brand… Read More

August 22, 2022 @ 9:57 pm By Omar Faridi  |  

Neobank Chime is pleased to announce the promotion of several of its executive leadership team members “in the areas of people, customer experience, and technology.” The following leaders will now be officers of the company. Their promotions “are evidence of their contributions and impactful work… Read More

February 10, 2022 @ 9:15 am By Omar Faridi  |  

Mark Zuckerberg‘s Meta is teaming up Fintech Chime in order to go after (alleged) Nigerian scammers that the firms claim have been using social media channels to trick or deceive unsuspecting users out of their hard-earned cash. As reported by Newsweek, the lawsuit marks the… Read More

August 16, 2021 @ 7:46 pm By Omar Faridi  |  

Chime revealed on Friday (August 13, 2021) that it secured $750 million in capital through a Series G round round that now values the Fintech Unicorn at $25 billion. Notably, that’s $10 billion more than what the company had reported in October 2020 (when it… Read More

May 7, 2021 @ 10:45 am By JD Alois  |  

When is a bank a bank? While this is a great debate for regulators and existential philosophers, for most people it simply has to do with holding money securely and using it when you want. For years now, Fintechs that have provided bank-like services have… Read More

April 17, 2021 @ 5:32 pm By Omar Faridi  |  

Earlier this week, digital bank Chime revealed that you can use their platform to pay anyone. Chime users can send money to anyone, “even if they’re not on Chime.” As noted by the banking challenger, the users can claim funds to their bank account “instantly… Read More

March 19, 2021 @ 7:53 am By Omar Faridi  |  

Digital bank Chime notes that if you’ve ever tried to schedule an automatic bill payment from your bank account or received a direct deposit, then you may appreciate how convenient these transactions might be. We may be able to avoid many late fees if we… Read More

February 1, 2021 @ 9:33 pm By Omar Faridi  |  

Erica Gellerman, a CPA, MBA, and personal finance expert, notes in a blog post published by Chime Financial Inc. (a US-based banking challenger valued at around $14.5 billion) that if you’re planning to grow your wealth or net worth, then investing can be “a smart… Read More

January 3, 2021 @ 5:27 pm By Omar Faridi  |  

Chime Financial Inc., a US-based banking challenger valued at around $14.5 billion, has confirmed that stimulus payments are coming and they’ve “got your back” with SpotMe. The digital bank acknowledged that “a lot has changed” since the first round of stimulus payments were made back… Read More

December 20, 2020 @ 9:42 pm By Omar Faridi  |  

Katana Dumont, who writes about personal finance and financial literacy topics, notes in blog post published by Chime Financial Inc., a US-based banking challenger valued at around $14.5 billion, that modern technology is shaking up or disrupting the finance industry in a major way. She… Read More

September 25, 2020 @ 4:30 pm By Samantha Hurst  |  

  Following the recent announcement that app-only banking service Chime raised $485 million through a Series F round, CEO of the company, Chris Britt, sat down to discuss the funding round, as well as Chime’s future plans. As previously reported, Chime is on a mission… Read More

July 1, 2020 @ 8:46 pm By Omar Faridi  |  

US-based banking challenger Chime Financial Inc. has introduced a credit card, called Credit Builder, which aims to work somewhat like a regular debit card by allowing users to spend only the funds that are currently in their accounts. The Chime Credit Builder Visa Credit Card… Read More

May 3, 2020 @ 3:33 pm By JD Alois  |  

Last week, FT Partners, a Fintech focused investment bank, held a Zoom presentation where more than 5,000 individuals registered to attend. The interest in the presentation was, of course, driven by the speakers: Nik Storonsky, founder and CEO of Revolut and Chris Britt, founder and… Read More