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CHIME

CLICK TO WATCH : Chime Bank Review 2024

CEO : CHRIS BRITT REVENUE : US $ 1.5BN ( ANNUALISED ) HEADQUARTERS : SAN FRANCISCO , USA EMPLOYEES : 1,300 FOUNDED : 2013

Chime , a leading US digital banking platform , reached a peak valuation of US $ 25bn in 2021 , later adjusting to US $ 8bn due to market shifts . Serving seven million customers , Chime processes US $ 8bn in monthly transactions . Its model features feefree banking , early wage access , and an interest-free secured credit card . These offerings have fueled Chime ’ s growth , particularly among those seeking alternatives to traditional banks . The company is exploring service diversification and considering an IPO in 2025 . While Chime has gained traction in digital banking , its long-term impact on the financial sector continues to unfold .

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