# Chime

> Chime is a San Francisco financial-technology company that offers fee-free mobile banking to everyday Americans through partner banks. It skips monthly fees, overdraft charges and minimum balances, and instead earns most of its money from the interchange fees merchants pay when members swipe their Visa debit cards. Founded in 2012 by Chris Britt and Ryan King, it reached roughly $1.7 billion in 2024 revenue and went public on the Nasdaq in June 2025 under the ticker CHYM.

- **Founded:** 2012
- **Headquarters:** San Francisco, United States
- **Founders:** Chris Britt (Co-founder & CEO), Ryan King (Co-founder & Head of Technology)
- **Team size:** Roughly 1,300-1,600 employees
- **Products:** Checking / Spending Account, Get Paid Early, High-Yield Savings Account, SpotMe, Credit Builder
- **Notable:** Grew to about 8.6 million active members without a single branch, Reached roughly $1.7 billion in revenue in 2024, Completed a Nasdaq IPO in June 2025 under the ticker CHYM, pricing above range at $27

## Products & services

- **Checking / Spending Account** — Fee-free mobile account with a Visa debit card, no monthly or minimum-balance fees, and access to a large fee-free ATM network.
- **Get Paid Early** — Early direct deposit that can post paychecks up to two days ahead of the scheduled date.
- **High-Yield Savings Account** — Automated savings with round-ups on purchases and a percentage of each paycheck moved to savings.
- **SpotMe** — Fee-free overdraft that covers debit purchases up to a member limit with no overdraft fee.
- **Credit Builder** — A secured Visa credit card with no annual fee, no interest and no credit check, designed to help members build credit history.
- **MyPay** — Earned-wage access that lets eligible members draw up to $500 of pay before payday.
- **Instant Loans** — Small installment loans up to $500 over three months for eligible direct-deposit members, with no credit check.

## Achievements

- Grew to about 8.6 million active members without a single branch
- Reached roughly $1.7 billion in revenue in 2024
- Completed a Nasdaq IPO in June 2025 under the ticker CHYM, pricing above range at $27
- Named to CNBC's Disruptor 50 list
- Pioneered fee-free overdraft (SpotMe) and early-paycheck access at scale in the US

## Latest updates

- **2024-07** — Launched MyPay, earned-wage access of up to $500 before payday.
- **2024** — Reported roughly $1.67 billion in annual revenue for 2024 with a sharply narrower net loss.
- **2024-10** — Extended its Dallas Mavericks sponsorship, adding an arena presence and credit-card sponsorship.
- **2025-03** — Introduced Instant Loans, small installment loans up to $500 for eligible members.
- **2025-06** — Went public on the Nasdaq under ticker CHYM, pricing at $27 and popping about 37% on debut.

## Links

- Website: https://www.chime.com
- LinkedIn: https://www.linkedin.com/company/chime
- Twitter/X: https://x.com/Chime
- YouTube: https://www.youtube.com/@Chime
- Instagram: https://www.instagram.com/chime/
- Facebook: https://www.facebook.com/chime/
- TikTok: https://www.tiktok.com/@chime

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Profile page: https://yespress.io/chime
Published by YesPress — https://yespress.io
Last updated: 2026-08-13