Chime is a fintech company that helps its members avoid bank fees, save money automatically, and lead healthier financial lives. Chime’s business was built on the principle of protecting its members and helping them get ahead. Chime earns a small amount from Visa (paid by the merchant).

Type: Private
Funding Status: Series F
Foundation year: 2013
Location: San Francisco, California, United States
Number of employees: 501-1000
Founders: Chris Britt, Ryan King
Target geographic market:

North America

About Product/Service
Products Online/Mobile Banking, Fee-Free Overdraft, Automatic Savings, Mobile Payments, Security and Control
Core product offerings for individual/retail customersSpending Account
Regulators/ComplianceAll Chime accounts are FDIC insured up to the standard maximum $250,000 per depositor, for each ownership category, in the event of a bank failure, through its partner banks, Stride Bank, N.A. (FDIC# 4091) or The Bancorp Bank (FDIC# 35444).
The Base Currency$ (USD)
Product costFree
Openning a current account (business and personal)Free
Monthly feesNo monthly fees
Issuing physical card and deliveryVisa Debit Card
Money transfers/paymentsFree
ATM withdrawalsAccess to over 38,000 fee-free MoneyPass and Visa Plus Alliance ATMs throughout the United States; Free cash withdrawal. But Chime does charge $2.50 per transaction at out-of-network ATMs.
OverdraftsNo overdraft fees
OtherHigh fees to deposit cash. No physical bank branches. Chime does not offer a prepaid debit card, however, Chime offers a full-featured deposit account that is a great alternative to prepaid cards.
Minimum USD deposit required to open (a) a personal account (b) a business accountNo minimum balance requirement
(a) a personal accountYes
(b) a business accountNo

Key people

Funding rounds

Last Funding Date Sep 18, 2020
Last Funding Amount $533.8M
Last Funding Type Series F
Total Funding Amount $1.5B
Number of Funding Rounds 8


Customer/Products segments Online/Mobile Banking, Overdrafts, Savings, Payments/Remittances, Security
Banking licenseChime does not have a banking license but instead works with Bancorp Bank as its bank partner. Visa issues Chime's debit card.
Type of customersIndividuals
Number of investors 24
Number of lead investors5
Names of lead investorsDST Global, Menlo Ventures, Cathay Innovation, Aspect Ventures, Crosslink Capital
M&AChime has acquired Pinch on Sep 17, 2018

Tech stack


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