“unite everyday people to unlock their financial progress”

Chime is a leading fintech company that partners with FDIC-insured banks to offer straightforward, fee-free digital banking. It eliminates common fees like overdraft and monthly maintenance charges, making banking more accessible and affordable. Through its user-friendly mobile app, Chime provides features such as early direct deposit, a secured credit builder card, and fee-free ATM access. The company is dedicated to transparency, trust, and helping members achieve financial progress. With millions of active users and a strong focus on customer experience, Chime is reshaping how people interact with modern financial services.

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Business Model

Chime provides free mobile banking services by collaborating with Bancorp Bank and Stride Bank, eliminating typical fees such as monthly maintenance charges. Unlike traditional banks that rely on loan interest, Chime mainly earns revenue from interchange fees when customers use their debit cards, as well as from ATM fees for out-of-network withdrawals. Since Chime partners with smaller banks, it is not subject to regulations that restrict interchange fees for large banks, allowing it to collect higher fees and maintain a competitive edge. This approach helps Chime keep banking simple and affordable for its members.

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Scale and Growth

As of March 31, 2025, Chime had 8.6 million active users a 23% annual increase—with 67% using it as their primary account for direct deposits and daily transactions, averaging over 55 monthly card transactions and frequent app engagement. In 2024, revenue reached $1.7 billion (up 30% from 2023), and Chime achieved profitability in Q1 2025 after posting a net loss the previous year. The company’s June 2025 IPO raised $864 million at an $11.6 billion valuation, reflecting its strong market position despite a recalibration from its 2021 private valuation. Chime’s growth now focuses on deepening member engagement and product adoption, with new offerings like the Credit Builder card and MyPay driving both user acquisition and retention, while improved marketing efficiency supports more sustainable, organic growth.

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IPO and Future Outlook

Chime went public on Nasdaq on June 12, 2025, raising $864 million at an $11.6 billion valuation down from its $25 billion peak but still among the largest fintech IPOs in recent years. Shares surged 59% on opening, showing strong investor confidence fueled by Chime’s 30%+ revenue growth, 8.6 million active users, and recent profitability. Looking ahead, Chime plans to expand its product lineup with loans, credit cards, and investment accounts, targeting both its core market and higher-income segments. The company’s focus remains on deepening member engagement, diversifying revenue, and maintaining efficient, sustainable growth in a competitive digital banking landscape.

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Competitive Edge

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Chime's competitive advantage lies in its fee-free banking model that eliminates monthly and overdraft fees while offering early direct deposit. Key differentiators include Chime+ premium features, automated savings, SpotMe overdraft protection, and the Credit Builder card. Its mobile-first app with AI support provides seamless user experience, while FDIC partnerships ensure regulatory compliance and scalability. Targeting underserved consumers, Chime is expanding into lending and workplace benefits while maintaining operational efficiency.

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Targeted Impact

Chime targeted impacts are broad, aiming to address both individual financial wellness and systemic barriers in the financial sector.

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What Comes Next?

Chime is planning to evolve from a challenger bank into a full-service digital financial platform, combining innovative technology, expanded products, and a relentless focus on member needs to drive its next phase of growth

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Who will benefit?

Chime is beneficial for those seeking affordable, accessible, and transparent banking, as well as anyone looking to improve their financial health and stability in a digital-first environment.

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Chime's Timeline

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Prominent News

Chime Stock Jumps 37% In IPO; CEO Says Payments Is Its Growth Play, Jun 12, 2025 - Chime, a digital bank, went public on the Nasdaq stock exchange today. Its stock increased 37% to $37 per share, and when FactSet's total number of outstanding shares is taken into account, its valuation is $16 billion. Click here to read more.

Fintech company Chime files for Nasdaq IPO, May 14, 2025 - Chime, a financial technology business, submitted its application to list on the Nasdaq on Tuesday. The business plans to use the ticker sign "CHYM" when it files.  Click here to read more.

Chime Debuts Premium Tier and New Banking Features, March 31, 2025 - Along with a number of new features, the mobile banking app Chime introduced a premium membership program. Click here to read more.

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Revenue

Chime's revenue in 2024 reached $1.7B, marking a 30.77% increase from $1.3B in 2023.

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Return on Investment (ROI)

ROI computed as of June 11, 2025 based on PM Insights' composite price.

PM Insights computes composite price based on institutional-sized broker contributions within the last 90 days if there are at least two qualified contributions.

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Funding Round in USD

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Series G Valuation

<span class="date">2021-08-06</span>
<span class="value">$25.00B</span>

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Implied Valuation

<span class="date">2025-06-11</span>
<span class="value">$10.70B<span>

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Change Since Last Round

<span class="date"> 2021-08-06 → 2025-06-11</span>

<span class="value red">-57.00%</span>

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Quarterly Bid:Ask Volume Ratio

PM Insights highlights the quarterly bid and ask volume ratio where there were at least three institutional-sized broker contributions within that period.

In Q3 2021, Q2 2022 and Q3 2022 Chime’s volume was entirely driven by the ask side, whereas in Q3 2023 Chime's volume shifted entirely to the bid side. From the start of Q2 2024 untill June 11, 2025, 61% of Chime's volume was on the bid side with combined bid and ask volume at $279M.

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Quarterly Bid:Ask Spread

The bar chart below illustrates the quarterly average bid-to-ask spread. Chime's bid-ask spread reached its highest point at 24.25% in Q4 2022, while it recorded its lowest spread at 5.35% in Q1 2022. Chime's bid-to-ask spread was moderate before it went public.

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Volatility of Composite Price

The volatility of the composite price is calculated based on price movements within a 90-day rolling window ending on each respective date. Chime experienced high volatility during June 2024, reaching a peak of 40.78%. Following this peak, volatility declined by approximately 8% and remained stable for the subsequent two months. Another significant drop of nearly 15% occurred in early September 2024, with volatility continuing to decline thereafter. In May 2025, volatility surged again before stabilizing at around 20% through mid-June 2025.

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