Chime
Mobile banking platform providing fee-free checking, savings, and early direct deposit for everyday users.
Website: https://www.chime.com
Cover Block
PUBLIC
| Field | Value |
|---|---|
| Name | Chime |
| Tagline | Mobile banking platform providing fee-free checking, savings, and early direct deposit for everyday users |
| Headquarters | San Francisco, California |
| Founded | 2012 |
| Stage | Public (Nasdaq: CHYM) |
| Business Model | B2C |
| Industry | Fintech / Consumer Banking |
| Technology Type | Software (Non-AI) |
| Geography | North America |
| Growth Profile | Venture Scale |
| Founding Team | Co-Founders (2): Chris Britt, Ryan King |
| Funding Label | $100M+ |
| Total Disclosed Funding | ~$2.65 billion [Crunchbase, 2025] |
Links
PUBLIC
- Website: https://www.chime.com
- LinkedIn: https://www.linkedin.com/company/chime-card
- Crunchbase: https://www.crunchbase.com/organization/chime-2
- Wikipedia: https://en.wikipedia.org/wiki/Chime_(company)
Executive Summary
PUBLIC
Chime is the largest digital-only consumer bank in the United States by member count. Following its June 2025 listing on Nasdaq under the ticker CHYM, it is now one of the few pure-play neobanks that public market investors can own directly [Crunchbase News, 2025]. Founded in San Francisco in 2012 by Chris Britt (CEO) and Ryan King (CTO), the company built its early following among Americans living paycheck to paycheck by offering fee-free checking accounts, no overdraft penalties, and access to direct-deposited paychecks up to two days early [Wikipedia]; [Forbes]. The product sits on top of partner-bank charters rather than a Chime-owned bank license. Revenue is driven primarily by interchange on debit-card spending rather than lending margin, a model that has supported gross customer additions while keeping credit risk contained [The Brand Hopper, Nov 2022].
The IPO priced the company at roughly $11.6 billion, well below the $25 billion private mark it carried at the 2021 venture peak but materially above the $5.9 billion private secondary mark recorded in early 2024, suggesting a reset rather than a reversal [Fortune, Jan 2024]; [CNBC, Jun 2025]. Reported Q3 2025 revenue of $572 to $582 million, up roughly 29% year over year, alongside a 5% adjusted EBITDA margin, indicates the
Articles about Chime
- Chime Is Betting 9 Million No-Fee Checking Accounts Can Outlast the Megabanks — The San Francisco neobank went public at an $11.6B valuation in June. Now it has to prove the paycheck-to-paycheck wedge can keep compounding.