{"id":4439,"date":"2024-01-19T06:15:29","date_gmt":"2024-01-19T06:15:29","guid":{"rendered":"https:\/\/prioridata.com\/?p=4439"},"modified":"2024-01-21T13:57:26","modified_gmt":"2024-01-21T13:57:26","slug":"chime-statistics","status":"publish","type":"post","link":"https:\/\/prioridata.com\/data\/chime-statistics\/","title":{"rendered":"Chime Revenue, Users &#038; Valuation 2024"},"content":{"rendered":"\n<p>Chime is one of the fastest-growing fintech companies in the United States, offering banking services and financial tools to help Americans improve their financial health.<\/p>\n\n\n\n<p>In just a few short years, Chime has amassed <strong>14.5 million customers <\/strong>by focusing on eliminating fees, providing access to paychecks early, and automation tools to help users save money effortlessly.<\/p>\n\n\n\n<p>The<strong> growth of Chim<\/strong>e has also been <strong>fueled by word of mouth<\/strong>, with existing customers enthusiastically sharing their positive experiences.<\/p>\n\n\n\n<p>This has allowed the company to expand rapidly without a large marketing budget. According to Chime&#8217;s CEO, the company grows by <strong>20,000 new accounts per day<\/strong>.<\/p>\n\n\n\n<p>Behind the scenes, <strong>Chime relies heavily on data, analytics, and statistics<\/strong> to improve its products and target new services to match consumer needs.<\/p>\n\n\n\n<p><strong>For example,<\/strong> by analyzing customer data Chime realized that many users were prone to overdrafting their accounts between paychecks.<\/p>\n\n\n\n<p>In response, the <strong>company launched SpotMe<\/strong>, which uses algorithms to determine a user&#8217;s risk profile and provide fee-free overdraft coverage when needed.<\/p>\n\n\n\n<p>Statistical modeling helps Chime determine which users would benefit most from savings reminders, balance alerts, or other prompts. As a result, customers have saved over <strong>$10 billion<\/strong> using Chime&#8217;s automated tools.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Chimeoverview\">Company Overview<\/h2>\n\n\n\n<ul>\n<li><strong>Launch date:<\/strong> Chime was Founded on 15th April 2014<\/li>\n\n\n\n<li><strong>HQ: <\/strong>The company is located in San Francisco (California)<\/li>\n\n\n\n<li><strong>Founder: <\/strong>Chris Britt (CEO), Ryan King (CTO)<\/li>\n\n\n\n<li><strong>Business Type: <\/strong>Fintech Company<\/li>\n\n\n\n<li><strong>Industry: <\/strong>Online banking<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Chime Key Stats:<\/h2>\n\n\n\n<ul>\n<li>Chime 2023 Revenue is estimated to be <strong>$3.16 billion<\/strong>.<\/li>\n\n\n\n<li>Chime&#8217;s <strong>Valuation<\/strong> in 2021 was<strong> $25 billion<\/strong>.<\/li>\n\n\n\n<li>Chime has an estimated <strong>21.6 million users <\/strong>in 2023.<\/li>\n\n\n\n<li>Chime&#8217;s user base is <strong>61.24% female<\/strong> and <strong>38.76% male.<\/strong><\/li>\n\n\n\n<li>The largest user age group for Chime is 35-44 years at 27.62%.<\/li>\n\n\n\n<li>Chime is the <strong>top choice among Neobank users<\/strong> with 48% preference.<\/li>\n\n\n\n<li>Chime&#8217;s main marketing channels include 51.50% direct traffic and 26.74% organic search.<\/li>\n\n\n\n<li>Chime has around<strong> 14.5 million customers<\/strong>, out of which 9 million use Chime as the primary account<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Chimerevenue\">Chime Revenue<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Revenue-1-1024x576.png\" alt=\"\" class=\"wp-image-4474\" srcset=\"https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Revenue-1-1024x576.png 1024w, https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Revenue-1-300x169.png 300w, https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Revenue-1-768x432.png 768w, https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Revenue-1.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Over the past five years, Chime has exhibited remarkable revenue growth, positioning itself as a prominent player in the financial services industry.<\/p>\n\n\n\n<p>In 2018, Chime&#8217;s revenue stood at <strong>$80 million<\/strong>, which then surged to <strong>$200 million in 2019<\/strong>, marking a significant increase.<\/p>\n\n\n\n<p>However, it was in 2020 that Chime experienced an exponential leap, reaching a revenue of <strong>$600 million<\/strong>, showcasing the platform&#8217;s growing popularity.<\/p>\n\n\n\n<p>This momentum continued into <strong>2022<\/strong> when Chime&#8217;s revenue skyrocketed to <strong>$1.85 billion<\/strong>. <\/p>\n\n\n\n<p>As we anticipate the future, Chime&#8217;s estimated revenue for <strong>2023 stands at an impressive $3.16 billion,<\/strong> demonstrating the platform&#8217;s continued expansion and dominance in the financial sector. <\/p>\n\n\n\n<p><strong>Chime revenue: 2018 to 2023<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Year<\/th><th>Revenue (in mm)<\/th><\/tr><\/thead><tbody><tr><td>2018<\/td><td>$80 million<\/td><\/tr><tr><td>2019<\/td><td>$200 million<\/td><\/tr><tr><td>2020<\/td><td>$600 million<\/td><\/tr><tr><td>2021<\/td><td>$950 million<\/td><\/tr><tr><td>2022<\/td><td>$1850 million<\/td><\/tr><tr><td><strong>2023(Estimated)<\/strong><\/td><td>$3160 million<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><em>Sources:&nbsp;<a href=\"https:\/\/www.forbes.com\/sites\/jeffkauflin\/2022\/02\/18\/with-fintech-stocks-down-chime-delays-ipo-to-second-half-of-2022\/?sh=2dd2f0647caa\">Forbes<\/a>,&nbsp;<a href=\"https:\/\/www.theinformation.com\/articles\/how-14-5-billion-chime-proved-silicon-valley-investors-wrong?rc=kfcoci\">The Information<\/a><\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Chimevaluation\">Chime valuation<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-valuation-1-1024x576.png\" alt=\"\" class=\"wp-image-4476\" srcset=\"https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-valuation-1-1024x576.png 1024w, https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-valuation-1-300x169.png 300w, https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-valuation-1-768x432.png 768w, https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-valuation-1.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Over the years, Chime&#8217;s valuation has experienced significant growth.<\/p>\n\n\n\n<p>In 2018, it was valued at <strong>$0.52 billion<\/strong>, followed by a substantial increase to <strong>$5.83 billion in 2019<\/strong>.<\/p>\n\n\n\n<p>The trend continued with a valuation of <strong>$14.51 billion in 2020<\/strong>, and it reached an impressive<strong> $25 billion in 2021<\/strong>. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Year<\/th><th>Valuation (in bn)<\/th><\/tr><\/thead><tbody><tr><td>2018<\/td><td>$0.52 billion<\/td><\/tr><tr><td>2019<\/td><td>$5.83 billion<\/td><\/tr><tr><td>2020<\/td><td>$14.51 billion<\/td><\/tr><tr><td>2021<\/td><td>$25 billion<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><em>Sources:&nbsp;<a href=\"https:\/\/techcrunch.com\/2018\/05\/31\/no-fees-mobile-banking-service-chime-raises-70m-series-c-valuing-its-business-at-500m\/\">TechCrunch<\/a><\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Chime Funding<\/h2>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Date&nbsp;<\/th><th>Round Name&nbsp;<\/th><th>Investors&nbsp;<\/th><th>Funds Raised&nbsp;<\/th><th>Lead Investors&nbsp;<\/th><\/tr><\/thead><tbody><tr><td>Jul 28, 2023<\/td><td>Series B &#8211; Chime<\/td><td>1<\/td><td>\u2014<\/td><td>\u2014<\/td><\/tr><tr><td>Aug 13, 2021<\/td><td>Series G &#8211; Chime<\/td><td>6<\/td><td>$750M<\/td><td>Sequoia Capital Global Equities<\/td><\/tr><tr><td>Sep 18, 2020<\/td><td>Series F &#8211; Chime<\/td><td>10<\/td><td>$533.8M<\/td><td>\u2014<\/td><\/tr><tr><td>Jan 21, 2020<\/td><td>Secondary Market &#8211; Chime<\/td><td>1<\/td><td>\u2014<\/td><td>\u2014<\/td><\/tr><tr><td>Dec 5, 2019<\/td><td>Series E &#8211; Chime<\/td><td>8<\/td><td>$700M<\/td><td>DST Global<\/td><\/tr><tr><td>Mar 5, 2019<\/td><td>Series D &#8211; Chime<\/td><td>9<\/td><td>$200M<\/td><td>DST Global<\/td><\/tr><tr><td>May 31, 2018<\/td><td>Series C &#8211; Chime<\/td><td>9<\/td><td>$70M<\/td><td>Menlo Ventures<\/td><\/tr><tr><td>Sep 27, 2017<\/td><td>Series B &#8211; Chime<\/td><td>9<\/td><td>$18M<\/td><td>Cathay Innovation<\/td><\/tr><tr><td>May 19, 2016<\/td><td>Series A &#8211; Chime<\/td><td>6<\/td><td>$9M<\/td><td>Aspect Ventures<\/td><\/tr><tr><td>Nov 5, 2014<\/td><td>Series A &#8211; Chime<\/td><td>4<\/td><td>$8M<\/td><td>Crosslink Capital<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Sources:<\/strong> <a href=\"https:\/\/www.crunchbase.com\/organization\/chime-2\/company_financials\">Crunchbase<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Chimeusers\">Chime users<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-users-1-1024x576.png\" alt=\"\" class=\"wp-image-4477\" srcset=\"https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-users-1-1024x576.png 1024w, https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-users-1-300x169.png 300w, https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-users-1-768x432.png 768w, https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-users-1.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Examining the data on Chime&#8217;s user growth over the years, it&#8217;s evident that the digital banking platform has experienced remarkable expansion.<\/p>\n\n\n\n<p>In 2017, Chime began with half a million users, and by 2018, that number had doubled to 1 million.<\/p>\n\n\n\n<p>The subsequent year, 2019, marked a significant turning point as Chime&#8217;s user base <strong>skyrocketed to 5 million<\/strong>.<\/p>\n\n\n\n<p>This impressive momentum continued into 2022, with <strong>12 million users<\/strong>. Looking ahead to 2022, the growth continued steadily, reaching <strong>14.5 million users<\/strong>.<\/p>\n\n\n\n<p>Projections done by <a href=\"https:\/\/www.tickernerd.com\/resources\/ipo\/chime\/\">Tickernerd<\/a> for 2023 are even more remarkable, with an estimated 21.6 million users, making Chime a preferred choice for millions seeking convenient financial services.<\/p>\n\n\n\n<p><strong>Chime users<\/strong>:<strong> 2017 to 2023<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Year<\/th><th>Users ( in mm)<\/th><\/tr><\/thead><tbody><tr><td>2017<\/td><td>0.5 million<\/td><\/tr><tr><td>2018<\/td><td>1 million<\/td><\/tr><tr><td>2019<\/td><td>5 million<\/td><\/tr><tr><td>2020<\/td><td>10 million<\/td><\/tr><tr><td>2021<\/td><td>12 million<\/td><\/tr><tr><td>2022<\/td><td>14.5 million<\/td><\/tr><tr><td><strong>2023(Estimated)<\/strong><\/td><td>21.6 million<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><em>Sources:&nbsp;<\/em><a href=\"https:\/\/www.statista.com\/statistics\/1270428\/number-of-users-chime\/\">Statista<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Chime Users by Gender<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Users-by-Gender-1-1024x576.png\" alt=\"\" class=\"wp-image-4478\" srcset=\"https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Users-by-Gender-1-1024x576.png 1024w, https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Users-by-Gender-1-300x169.png 300w, https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Users-by-Gender-1-768x432.png 768w, https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Users-by-Gender-1.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Approximately&nbsp;<strong>61% of Chime users are female<\/strong>, while 38% are male.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Gender<\/th><th>Percentage<\/th><\/tr><\/thead><tbody><tr><td>Female<\/td><td>61.24%<\/td><\/tr><tr><td>Male<\/td><td>38.76%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Chime Users by Age<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Users-by-Age-1-1024x576.png\" alt=\"\" class=\"wp-image-4479\" srcset=\"https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Users-by-Age-1-1024x576.png 1024w, https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Users-by-Age-1-300x169.png 300w, https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Users-by-Age-1-768x432.png 768w, https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Users-by-Age-1.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>After analyzing the Chime user demographics by age, it&#8217;s evident that Chime attracts a diverse user base.<\/p>\n\n\n\n<p>The largest age group among Chime users falls within the<strong> 35 to 44 range<\/strong>, comprising <strong>27.62%<\/strong> of the total user population.<\/p>\n\n\n\n<p>Following closely behind are users aged <strong>25 to 34<\/strong>, making up <strong>23.22<\/strong>%. <\/p>\n\n\n\n<p>The younger demographic of <strong>18 to 24-year-olds constitutes 7.62% <\/strong>of Chime&#8217;s user base, indicating some appeal among this group.<\/p>\n\n\n\n<p>These statistics highlight Chime&#8217;s broad appeal across different age brackets, making it an inclusive and popular choice among a wide range of users.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Age Group<\/th><th>Percentage<\/th><\/tr><\/thead><tbody><tr><td>18 to 24<\/td><td>7.62%<\/td><\/tr><tr><td>25 to 34<\/td><td>23.22%<\/td><\/tr><tr><td>35 to 44<\/td><td>27.62%<\/td><\/tr><tr><td>45 to 54<\/td><td>22.39%<\/td><\/tr><tr><td>55 to 64<\/td><td>12.87%<\/td><\/tr><tr><td>65+ Year<\/td><td>6.27%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Chime Vs other Neobanks<\/strong><\/h3>\n\n\n\n<p>An online survey was conducted in the United States among<strong> 1,241 respondents aged 18 to 64 years <\/strong>and below are the findings:<\/p>\n\n\n\n<p>Among the Neobank options, <strong>Chime emerged as the clear winner<\/strong>, with an impressive <strong>48% of respondents<\/strong> choosing it as their preferred Bank.<\/p>\n\n\n\n<p>Current followed closely behind, with <strong>33% of respondents opting for it<\/strong>. <\/p>\n\n\n\n<p><strong>Dave, Acorns, and Aspiration<\/strong>s also demonstrated significant appeal, with <strong>32%, 31%, and 29% of respondents<\/strong>.<\/p>\n\n\n\n<p>Go bank rounded out the list, with a respectable<strong> 28% of respondents <\/strong>indicating their preference for it.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Neobanks<\/th><th>Percentage<\/th><\/tr><\/thead><tbody><tr><td>Chime<\/td><td>48%<\/td><\/tr><tr><td>Current<\/td><td>33%<\/td><\/tr><tr><td>Dave<\/td><td>32%<\/td><\/tr><tr><td>Acorns<\/td><td>31%<\/td><\/tr><tr><td>Aspirations<\/td><td>29%<\/td><\/tr><tr><td>Gobank<\/td><td>28%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Source: <a href=\"https:\/\/www.statista.com\/chart\/27617\/popularity-of-neobrokers-and-neobanks-in-the-us\/\">Statista<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Neobank Account Holders<\/h2>\n\n\n\n<p>In the world of neobanking, Chime is the leader with a whopping <strong>13.12 million account holders<\/strong>, showing its strong presence.<\/p>\n\n\n\n<p><strong>Current and Aspiration<\/strong> follow with <strong>4 million<\/strong> and <strong>3 million<\/strong> account holders respectively, while <strong>Varo has 2.7 million users<\/strong>.<\/p>\n\n\n\n<p>There are also <strong>2.5 million account<\/strong> holders among <strong>other neobanks<\/strong>, highlighting the presence of smaller players. <\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Neobanks<\/th><th>Account Holders (in mm)<\/th><\/tr><\/thead><tbody><tr><td>Aspiration<\/td><td>3 million<\/td><\/tr><tr><td>Chime<\/td><td>13.12 million<\/td><\/tr><tr><td>Current<\/td><td>4.0 million<\/td><\/tr><tr><td>Varo<\/td><td>2.7 million<\/td><\/tr><tr><td>Other Neobanks<\/td><td>2.5 million<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Source: <a href=\"https:\/\/www.insiderintelligence.com\/content\/chime-no-1-neobank-us\">InsiderIntelligence<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Chime Marketing Channels<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Marketing-Channels-1-1024x576.png\" alt=\"\" class=\"wp-image-4480\" srcset=\"https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Marketing-Channels-1-1024x576.png 1024w, https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Marketing-Channels-1-300x169.png 300w, https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Marketing-Channels-1-768x432.png 768w, https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Marketing-Channels-1.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>When it comes to marketing channels, the majority of traffic, at <strong>51.50%<\/strong>, comes directly to the <strong>website<\/strong>.<\/p>\n\n\n\n<p><strong>Organic search accounts for 26.74% of the traffic<\/strong>, showing that people are finding the site through search engines.<\/p>\n\n\n\n<p><strong>Referrals bring in 2.84% of visitors<\/strong>, while social media and mail each contribute around 1.64% and 1.77% respectively.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Marketing Channels<\/th><th>Traffic Share<\/th><\/tr><\/thead><tbody><tr><td>Direct<\/td><td>51.50%<\/td><\/tr><tr><td>Referrals<\/td><td>2.84%<\/td><\/tr><tr><td>Organic Search<\/td><td>26.74%<\/td><\/tr><tr><td>Paid Search<\/td><td>8.60%<\/td><\/tr><tr><td>Social<\/td><td>1.64%<\/td><\/tr><tr><td>Mail<\/td><td>1.77%<\/td><\/tr><tr><td>Display<\/td><td>6.91%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.similarweb.com\/website\/chime.com\/#competitors\">SimilarWeb<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"ChimeFAQ\">Frequently Asked Questions (FAQ)<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Q1. Is Chime a bank?<\/h3>\n\n\n\n<p><strong>Ans: <\/strong>No, Chime is a Fintech company that has partnered up with Bancorp and Stride Banks to provide banking services.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Q2. Who owns Chime?<\/h3>\n\n\n\n<p><strong>Ans: <\/strong>Chime is owned by Chris Britt (CEO) &amp; Ryan King (CTO)<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Q3. Where is Chime Bank located?<\/h3>\n\n\n\n<p><strong>Ans: <\/strong>Chime is located in San Francisco<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Q4. How does Chime make money?<\/h3>\n\n\n\n<p><strong>Ans: <\/strong>Chime has two main revenue streams. Every time a customer uses a Chime card, it takes a 2% fee from the merchant. Chime also makes about 21% of its revenue by charging customers a fee for using out-of-network ATMs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Q5. What is the Chime Interest rate on a savings account?<\/h3>\n\n\n\n<p><strong>Ans: <\/strong>Chime gives an annual interest rate of 2% on the savings accounts. The interest is paid monthly to the customers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Q6. What banks does Chime use?<\/h3>\n\n\n\n<p><strong>Ans: <\/strong>Chime has partnered up with Bancorp and Stride Bank to provide excellent banking services to their customers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Q7. Is Chime FDIC insured?<\/h3>\n\n\n\n<p><strong>Ans: <\/strong>No, Chime is not FDIC insured as it is a technology company and not a Bank. However, the partner banks Bancorp and Stride are FDIC-insured. Therefore, your more is safe with chime.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Q8. Is Chime a Checking Account?<\/h3>\n\n\n\n<p><strong>Ans: <\/strong>Yes, Chime provides both checking and savings accounts.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Chime is one of the fastest-growing fintech companies in the United States, offering banking services and financial tools to help Americans improve their financial health. In just a few short years, Chime has amassed 14.5 million customers by focusing on eliminating fees, providing access to paychecks early, and automation tools to help users save money [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12],"tags":[],"blocksy_meta":[],"acf":[],"featured_image_urls":{"full":["https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Revenue-2.png",1280,720,false],"thumbnail":["https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Revenue-2-150x150.png",150,150,true],"medium":["https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Revenue-2-300x169.png",300,169,true],"medium_large":["https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Revenue-2-768x432.png",768,432,true],"large":["https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Revenue-2-1024x576.png",1024,576,true],"1536x1536":["https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Revenue-2.png",1280,720,false],"2048x2048":["https:\/\/prioridata.com\/wp-content\/uploads\/2023\/09\/Chime-Revenue-2.png",1280,720,false]},"post_excerpt_stackable":"<p>Chime is one of the fastest-growing fintech companies in the United States, offering banking services and financial tools to help Americans improve their financial health. In just a few short years, Chime has amassed 14.5 million customers by focusing on eliminating fees, providing access to paychecks early, and automation tools to help users save money effortlessly. The growth of Chime has also been fueled by word of mouth, with existing customers enthusiastically sharing their positive experiences. This has allowed the company to expand rapidly without a large marketing budget. According to Chime&#8217;s CEO, the company grows by 20,000 new accounts&hellip;<\/p>\n","category_list":"<a href=\"https:\/\/prioridata.com\/data\/\" rel=\"category tag\">Data<\/a>","author_info":{"name":"Stefan Larson","url":"https:\/\/prioridata.com\/author\/stefan\/"},"comments_num":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chime Revenue, Users &amp; Valuation 2024 | Priori Data<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prioridata.com\/data\/chime-statistics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chime Revenue, Users &amp; Valuation 2024 | Priori Data\" \/>\n<meta property=\"og:description\" content=\"Chime is one of the fastest-growing fintech companies in the United States, offering banking services and financial tools to help Americans improve their financial health. 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