Tagged: chime

Neobank Not? California Tells Chime to Stop Using the Term Bank

Mr. Potter Banker Banking (1)

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

Digital Banking Challenger Chime Now Allows Users to Send Money to “Anyone and Everyone”

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

Digital Lending Software Provider Blend Explains What’s Required to Offer Best Online Banking Experience

The team at Blend, which provides digital lending technology, has shared some important features which can help provide “the best online banking experience.” As noted in a blog post by Blend, online banking clients are increasingly expecting interactions to be a lot simpler, faster, and… Read More

Digital Banking: Chime and Plaid are Leveraging ACH Payment Methods to Help Businesses Streamline Operations

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

Digital Banking: Fintech Challengers in the US Grew Customer Base by Nearly 40%, UK Digital-Only Banks Report Growth as Well

With digital or neo banking gaining more users and popularity during the Coronavirus pandemic, the leading challenger banks in the US and Europe recently confirmed steady growth and adoption. Trading Platforms reveals that seven US or American challenger banks managed to record a combined user… Read More

Digital Banking: US based Fintech Challenger Chime to Offer $200 in “Spending Power” before Next Round of Stimulus Payments

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

Many More Americans Now Consider a Digital Bank to be their Primary Account, Financial Literacy Specialist Reveals

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

Chime CEO Chris Britt Discusses Recent Funding Success & Future Plans With CNBC

  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

US Banking Challenger Chime to Focus on Transaction Processing based Business Model, After Reaching $14.5 Billion Valuation with Additional Funding

US-based banking challenger Chime Financial Inc. is now valued at $14.5 billion, which is significantly more than Robinhood, another fast-growing Fintech Unicorn that recently reached a valuation of $11.2 billion after securing $200 million in additional funding last month. Chime has now become the most… Read More

US based Digital Bank Chime Introduces Credit Builder, a Visa Credit Card that Works like a Debit Card, Only letting Users Spend Funds Available in their Accounts

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

Revolut & Chime: Two Digital Bank Founders Talk About Building the Bank of the Future

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

Digital Bank Chime to Test Out New Way to Instantly Send $1,200 in Federal Stimulus Payments to US Customers, Following COVID-19 Outbreak

Chime, one of the largest US-based digital banking startups, is testing out a new way for its customers to instantly receive their $1,200 in federal stimulus checks. The neobank’s clients would be able to receive their cheques weeks before the American government plans to begin… Read More

Chime Has Now Raised $700 Million in its Most Recent Funding Round

Digital challenger bank Chime filed an amended Form D with the Securities and Exchange Commission (SEC) this week indicating its most recent funding round has moved a touch higher.  According to the filing, Chime has now raised $700 million from 25 investors. The date of… Read More

Chime Reportedly Secures $500 Million Through Series E Investment Round; Now Valued At $5.8 Billion

Chime, a U.S.-based app-only bank, has reportedly secured $500 million through its Series E funding round, bringing Chime’s valuation to $5.8 billion. The investment comes less than a year after Chime raised $200 million through its previous round when it was valued at $1.5 billion…. Read More

Future Fintech: The Fight for the Digital Banking Crown

As 2019 moves into its third quarter, the once burgeoning industry of digital banking is starting to make serious waves in the financial world – and investors are taking notice. Big players like Monzo, Starling, N26, Revolut, and EQIBank have recently completed massive funding rounds… Read More

Unicorn Challenger Bank Chime CEO Chris Britt Chats Up Speedy Deposits

Digital challenger bank Chime raised $200 million in funding earlier this year vaunting the upstart bank into Unicorn status. Chime is one of a growing number of digital banks that seek to challenge the hegemony of traditional banks and their brick and mortar legacies. Yesterday,… Read More

U.S. Digital Bank Chime Secures $200 Million Through Latest Investment Round Led By DST Global

Chime, a U.S.-based app-only bank, has reportedly secured $200 million through its latest investment round, which was led by DST Global. This news comes just two months after the banking startup announced it is on track to open more than 100,000 bank accounts per month… Read More

Chime Milestones: Surpasses 750,000 Bank Accounts, 2.5 Million Transaction Volume, & Saved Members $72 Million in 2017

Chime, a U.S.-based app-only bank, announced earlier this week it is on track to open more than 100,000 bank accounts per month and expects to reach one million total this quarter. The banking group claims that with more than 750,000 bank accounts opened to date… Read More

App-Only Bank Chime Surpasses One Million Bank Accounts (Infographic)

Chime, a U.S.-based app-only bank, recently announced it has surpassed one million bank accounts. Founded in 2013, Chime is on a mission to help its members lead healthier financial lives. The company’s service is described to help customers avoid feeds, save money automatically, and improve their… Read More

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