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Chime is an online financial technology platform that provides banking services and a debit card through partner banks (The Bancorp Bank, N.A. and Stride Bank, N.A.). It operates without physical branches and focuses on a fee-free experience. Customers can use SpotMe to overdraft up to $200 on debit purchases (eligibility required), receive paychecks up to two days early via direct deposit, and access over 60,000 fee-free ATMs. Chime also offers a secured credit card that doesn’t require a credit check and can help improve FICO scores, along with a savings account offering 2.00% APY with no fees. The company generates most of its revenue from interchange fees charged when customers use the Chime debit card. The goal is to make banking simpler and cheaper for everyday users through a digital-first platform.
Industries
Consumer Software
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2012
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Total Funding
$3.3B
Above
Industry Average
Funded Over
12 Rounds
Competitive salary based on experience
401k match plus the usual medical, dental, vision, life, and disability benefits
Generous vacation policy and company-wide Take Care of Yourself Days
Virtual events to connect with your fellow Chimers- think cooking classes, music festivals, mixology classes, paint nights, etc., and delicious snack boxes, too!
Chime is exploring stablecoin wallet services for its banking app. Chime, the largest US neobank, is exploring stablecoin wallet integration for its banking app, with infrastructure startup Rain among the firms that held talks, according to Bloomberg. Chime reaches out to blockchain firms over stablecoin plans. Chime, widely regarded as the largest neobank in the United States, is weighing a move into stablecoin-powered wallet services. According to Bloomberg, the company asked blockchain firms in late spring to submit proposals for end-to-end stablecoin wallet solutions that could be integrated directly into its consumer banking app. Infrastructure startup Rain was among the companies that held discussions with @Chime as part of that process. No deal has been confirmed, and Chime has not committed to a launch. No timeline or product details have been publicly disclosed. Rain: a rising force in stablecoin infrastructure. Rain is a private financial technology company founded in 2021. The company provides stablecoin-powered payment infrastructure, enabling businesses to issue payment cards and digital wallets funded by cryptocurrencies. The company raised $250 million in a Series C funding round to scale its stablecoin payments infrastructure, a round that valued it at $1.95 billion. Rain's platform is used by more than 200 companies and facilitates over $3 billion in annualized transactions. Rain describes itself as the global stablecoin payments platform for enterprises, neobanks, platforms, and developers, with technology that allows partners to move, store, and use stablecoins instantly and compliantly through global payment cards, rewards, on/offramps, wallets, and cross-border rails. The startup works with neobanks who want to let their customers use crypto deposits, instead of US dollars, to settle charges on payment cards. The talks come as mainstream financial institutions move closer to stablecoin adoption following clearer regulation. Enterprise interest in stablecoins has surged following the GENIUS Act in the US and the MiCA framework in Europe, which have created a clearer regulatory path for adoption. Traditional neobanks like Chime do not hold bank charters and operate as technology layers on top of core banking systems provided by licensed institutions. Chime, for example, partners with The Bancorp Bank and Stride Bank. Whether Chime ultimately builds, buys, or passes on stablecoin capabilities remains to be seen. For now, the exploratory conversations alone signal that even the most mainstream digital banks are taking the technology seriously. (Advertisement)
Chime Financial reported strong second-quarter 2026 results, with active members growing 20% and revenue increasing 27% year-over-year. The digital banking company also accelerated growth in card purchase volume and payment revenue. The company's adjusted EBITDA margin expanded to 15% for the quarter, up 12 percentage points from the prior year. Chime posted its second consecutive quarter of GAAP net income. Co-founder and CEO Christopher Britt highlighted the company's enterprise team securing a top US employer for its Chime workplace solution. He characterised the performance as "exceptionally strong" and said the results demonstrate Chime is "emerging as the clear market leader" for banking mainstream America. The earnings call included executives Peter Stabler, vice president of investor relations; Matt Newcomb, chief financial officer; and Mark Troughton, president.
Chime Financial CEO Christopher Britt sold 550,000 shares of Class A Common Stock for $16.5 million on 6 and 7 August, according to an SEC filing. The sale was executed under a Rule 10b5-1 trading plan established in September 2025, which allows corporate insiders to schedule trades in advance. Britt retains substantial equity exposure through derivative securities held in various trusts. The weighted average sale price was $29.93 per share. San Francisco-based Chime operates as a digital banking platform serving consumers earning under $100,000 annually. The company generates revenue primarily from interchange fees and reported $2.5 billion in revenue over the trailing twelve months, with a net loss of $18.2 million.
Chime Financial reported Q2 2026 revenue of $669.77 million, up 26.8% year-over-year, beating the consensus estimate of $640.6 million by 4.55%. EPS came in at $0.07, compared to a loss of $7.29 in the prior-year quarter, surprising analysts who expected a loss of $0.01. The fintech company reported 10.4 million active members, slightly above the 10.3 million analyst estimate. Purchase volume reached $38 billion, exceeding the $36.76 billion projection. Platform-related revenue was $240 million, whilst payments revenue came to $430 million, both surpassing analyst expectations. Chime shares have returned 18.1% over the past month, outperforming the S&P 500's 3.5% gain.
Allied Universal partners with Chime to deliver fee-free financial solutions to hundreds of thousands of employees. One of the nation's largest employers joins a growing roster of companies adopting Chime Workplace over legacy point solutions. Chime(R) announced Allied Universal, a global leader in security and facility services, as its newest employer partner. The partnership will expand access to Chime's fee-free[1] financial wellness tools for hundreds of thousands of frontline employees. The momentum extends beyond new employer partnerships: First Student, the nation's largest student transportation provider that deployed Chime Workplace(TM) earlier this year, is already seeing positive financial health results among its employees. Allied Universal, one of the largest employers in the U.S. with approximately 320,000 North American-based employees, will now offer Chime Workplace, Chime's comprehensive financial wellness suite, to its teams at no cost to the company or its employees. Employees gain access to Chime's trusted suite of financial tools: fee-free earned wage access (EWA)[2] for on-demand pay, high-yield savings earning up to 3.75% APY[3], investing, and credit-building[4] tools. Allied Universal, in turn, gains real-time visibility into how its teams are saving, building credit, and using the benefit to improve financial health through the Chime Workplace portal. "Supporting a workforce as large and diverse as ours requires benefits that are accessible, relevant, and meaningful to employees at every stage of their financial journey," said Don Tefft, Chief Human Resources Officer, Allied Universal. "Chime Workplace helps provide tools and resources that can support financial wellness, giving our employees greater flexibility and helping them build confidence in their financial future." This new partnership expands Chime Workplace's reach to the security industry, adding to a customer base that already spans healthcare, transportation, professional services, and other sectors. This large-scale adoption also reflects growing employer demand for comprehensive financial wellness benefits that can demonstrate measurable outcomes. At First Student, 46% of active enrolled employees began saving within two months of launch. Of those employees, 76% continued building their savings - an early indication of the kind of financial progress employers are looking for. "Employers are done with fragmented benefits that add complexity without delivering meaningful financial outcomes," said Mark Troughton, President of Chime. "They want one partner that can help employees make measurable financial progress - without adding cost. Allied Universal choosing Chime sends a clear signal: the market is moving beyond a patchwork of point solutions toward a comprehensive, fee-free approach that supports employees across their financial lives." The momentum reflects a broader shift in how employers think about financial benefits. In a 2026 Everest Group report, 76% of employers said financial wellness is now a strategic priority - yet 83% acknowledged their current programs struggle to demonstrate measurable financial outcomes for employees. It's a gap Chime Workplace is built to close. [To share your insights with us, please write to [email protected]]
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Industries
Consumer Software
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2012
Find jobs on Simplify and start your career today