Chime is a financial technology company that helps members avoid traditional bank fees, save money automatically, and achieve financial peace of mind. Chime works closely with its bank partners, The Bancorp Bank and Stride Bank, N.A., Members FDIC, to offer a Spending Account, optional Savings Account, Chime Visa® Debit Card, and with Stride Bank, N.A, to offer the Chime Credit Builder Visa® Credit Card, and a powerful mobile app that gives members complete control of their finances. The Chime mobile app is available for iPhone® and Android devices and has been featured as one of the top-rated Money Management apps in the App Store.
The company raised $1.11 billion of Series G venture funding in a deal led by Sequoia Capital on September 10, 2021, putting the company's pre-money valuation at $23.9 billion. The company will use the funding to expand and scale its operations and its business reach, along with launching new products and services and position itself for a potential IPO in the first half of next year.