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Chime — Startup ProfileFee-free mobile banking for everyday AmericansHQ: San Francisco, CA, United States | Founded: 2012 | Employees: 1,464 | Stage: Public (Nasdaq: CHYM) - IPO June 2025 | Website: https://www.chime.comAboutChime Financial, Inc. is a San Francisco-based neobank founded in 2012 by Chris Britt (CEO) and Ryan King. Operating as a financial technology company rather than a chartered bank, Chime offers fee-free mobile banking through partner banks The Bancorp Bank, N.A. and Stride Bank, N.A., providing Spending and Savings accounts, Visa debit cards, and a suite of consumer financial tools. The company targets everyday Americans earning up to $100K annually, emphasizing no monthly fees, no minimum balances, and no overdraft fees, monetizing primarily through interchange fees on debit transactions (72% of revenue) supplemented by out-of-network ATM fees and optional premium features.Chime serves 22 million funded accounts with 9.5 million monthly active members as of Q1 2025, generating $1.673B iKey Metrics

IPO Pricing Valuation: $11.6B (FD $18.4B debut) - Nasdaq: CHYM

Peak Valuation: $25B (Series G Aug 2021)

Total Funding: $2.65B

FY2024 Revenue: $1.673B

Q1 2025 Revenue: $518M (+32% YoY)

Funded Accounts: 22M (9.5M active)

Funding Rounds

Round: $0.5M (2012-10-01) — Angel Investors

Round: $9.25M (2013-06-01) — Homebrew, Forerunner Ventures

Round: $8M (2014-09-01) — Aspect Ventures

Round: $2.8M (2015-05-01) — Crosslink Capital

Round: $9M (2016-08-01) — Cathay Innovation

Key People

Chris Britt

Ryan King

Matt Newcomb

Mark Troughton

Key Competitors

SoFi —

Varo Bank —

Current —

Cash App (Block) —

Timeline Highlights

2025-06-12: IPO on Nasdaq (CHYM) at $27 ($864M, $11.6B pricing, $18.4B FD)

2025-05-15: Q1 2025 revenue $518M (+32% YoY) - 22M accounts, 9.5M actives

2024-12-31: FY2024 revenue $1.673B

2024-02-01: Introduces Chime+ premium bundle

2023-06-01: Launches MyPay on-demand wage access up to $500