FinTech firm Chime says it has covered billions in overdrafts for its users. Through SpotMe, the banking app’s free overdraft feature, Chime’s members have received a collective $30 billion since 2019 in overdrafts without having to pay a fee, Chime said in a Tuesday (Oct. 1)...
Chime Financial reportedly selected Morgan Stanley to lead its initial public offering (IPO). The FinTech company aims to go public in 2025, Bloomberg reported Thursday (Sept. 26), citing unnamed sources. Reached by PYMNTS, Chime declined to comment on the report. Morgan Stanley did not immediately...
For platforms and neobanks, establishing direct deposits with end users offers an on-ramp to cross-selling opportunities and a wealth of additional revenue streams. The momentum has been underscored in recent earnings reports and announcements surrounding new products and services. The automated transfer of funds into...
Banking app Chime expanded its relationship with self-service banking provider NCR Atleos. The expanded collaboration will see Atleos begin branding ATMs at 4,000 Walgreens stores with the Chime brand to increase customer awareness, according to a Wednesday (Aug. 7) press release. Atleos’ Allpoint Network has...
August 08, 2024
For platforms and neobanks, establishing direct deposits with end users offers an on-ramp to cross-selling opportunities and a wealth of additional revenue streams. The momentum has been underscored in recent earnings reports and announcements surrounding new products and services. The automated transfer of funds into those accounts — often through an accountholder’s paycheck — offers […]
October 01, 2024
FinTech firm Chime says it has covered billions in overdrafts for its users. Through SpotMe, the banking app’s free overdraft feature, Chime’s members have received a collective $30 billion since 2019 in overdrafts without having to pay a fee, Chime said in a Tuesday (Oct. 1) news release. Noting that traditional banks typically charge $35 for […]
September 26, 2024
Chime Financial reportedly selected Morgan Stanley to lead its initial public offering (IPO). The FinTech company aims to go public in 2025, Bloomberg reported Thursday (Sept. 26), citing unnamed sources....
August 07, 2024
Banking app Chime expanded its relationship with self-service banking provider NCR Atleos. The expanded collaboration will see Atleos begin branding ATMs at 4,000 Walgreens stores with the Chime brand to...
June 27, 2024
Chime has acquired Salt Labs to accelerate Chime’s growth through the employer channel. The resources of Salt Labs, an enterprise technology company whose flagship product is an employee rewards benefit, will...
