United States Fintech No-Fee Platform Chime Financial Submits Filing for United States IPO Targeting Listing in 2025, Raised Total of $2.65 Billion in Funding with Last Valuation of $25 Billion in 2021, Provides Mobile Bank Services via 2 National Banks Stride Bank & The Bancorp Bank, Founded in 2012 by Chris Britt & Ryan King, Chime Agreed to Stop Using Bank in Settlement Agreement with United States California Authority in 2021
19th December 2024 | Hong Kong
United States fintech no-fee platform Chime Financial has submitted filing for a United States IPO targeting listing in 2025. Chime has raised a total of $2.65 billion in funding, with last valuation of $25 billion in 2021. Chime provides mobile banking services via 2 national banks Stride Bank & The Bancorp Bank. Chime was founded in 2012 by Chris Britt & Ryan King. In 2021, Chime agreed to stop using “bank” in settlement agreement with United States California authority. On Chime website: “Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A.; Members FDIC.” Chime – Chime is a financial technology company that believes basic banking services should be helpful, easy, and free. We work with national banks to offer banking products and services that better meet the needs of everyday people. All of our members’ account balances are held at regulated, FDIC-insured banks: The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC.† Together, we’re addressing the industry’s fundamental misalignment between what’s good for banks and what’s good for consumers. We want to profit with our members, not from them. That’s why Chime doesn’t rely on overdraft fees, monthly service fees, or minimum balance requirements. Our business was built with important safeguards at the center, which ensure customer deposits are always safe and accessible. We help members get paid up to two days early, provide fee-free overdraft, offer a secured credit card that helps them build their credit history, and launched a new way for members to access their pay between paydays.
“ United States Fintech No-Fee Platform Chime Financial Submits Filing for United States IPO Targeting Listing in 2025, Raised Total of $2.65 Billion in Funding with Last Valuation of $25 Billion in 2021, Provides Mobile Bank Services via 2 National Banks Stride Bank & The Bancorp Bank, Founded in 2012 by Chris Britt & Ryan King, Chime Agreed to Stop Using Bank in Settlement Agreement with United States California Authority in 2021 “
United States Fintech No-Fee Platform Chime Financial Submits Filing for United States IPO Targeting Listing in 2025, Raised Total of $2.65 Billion in Funding with Last Valuation of $25 Billion in 2021, Provides Mobile Bank Services via 2 National Banks Stride Bank & The Bancorp Bank, Founded in 2012 by Chris Britt & Ryan King, Chime Agreed to Stop Using Bank in Settlement Agreement with United States California Authority in 2021
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