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Headquartered in San Francisco , the capital of the US West Coast ’ s fintech economy , Chime is leading the campaign to provide Americans with quicker , easier banking options than those offered by traditional banks . Because Chime deposits salaries and other payments immediately into consumer accounts once it receives notification of a pending deposit , users of its service can reportedly receive money two days faster than through traditional banks . Earlier this year , Chime closed a $ 200mn funding round and reportedly plans to use funds to continue its rapid growth , as well as introduce new products in the credit and lending space over the course of 2019 .

JUNE 2019