Chime
Founded Year
2012Stage
Series G - II | AliveTotal Raised
$2.599BLast Raised
$355M | 2 yrs agoRevenue
$0000About Chime
Chime offers banking services. It is accessible via its mobile banking application. It aims to reduce fees and automate savings. It was founded in 2012 and is based in San Francisco, California.
ESPs containing Chime
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The alternative credit scoring market refers to the use of non-traditional methods to assess an individual's creditworthiness. This includes analyzing data such as utility payments, rental history, and social media activity. These solutions are becoming increasingly popular as they provide a more comprehensive view of an individual's financial behavior, particularly for those with limited credit h…
Chime named as Leader among 15 other companies, including Nova Credit, ClearScore, and Kredivo Holdings.
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Chime's Products & Differentiators
SpotMe
Fee free overdraft alternative
Research containing Chime
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Chime in 19 CB Insights research briefs, most recently on May 2, 2023.
Oct 4, 2022 report
The Fintech 250: The most promising fintech companies of 2022Oct 5, 2021 report
The Fintech 250: The Top Fintech Companies Of 2021Oct 5, 2021 report
The Fintech 250: The top fintech companies of 2021Expert Collections containing Chime
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Chime is included in 5 Expert Collections, including Banking.
Banking
1,071 items
Unicorns- Billion Dollar Startups
1,208 items
Fintech 250
999 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Tech IPO Pipeline
282 items
Track and capture company information and workflow.
Fintech
7,974 items
US-based companies
Latest Chime News
Jan 11, 2023
" The employment landscape remains bleak as the new year dawns, with the downturn of the past year showing no signs of abating. The global economic malaise has unleashed a veritable deluge of job losses, as tech firms large and small have been forced to make harsh cutbacks. In 2022, nearly a thousand companies in the tech sector let go of more than 150,000 employees worldwide, with even industry titans like Amazon, Microsoft, Meta, Twitter, and Intel feeling the pinch. Tragically, the new year has brought little respite, as the number of workers who have lost their livelihoods in the first week of 2023 has already surpassed 30,000 - a harrowing statistic that nearly doubles the total layoffs from the entirety of December 2022. Top companies driving the layoff race in 2023 As the new year begins, the job market's descent into turmoil persists, with industry titans like Amazon leading the charge in a brutal round of layoffs. The e-commerce giant, helmed by Jeff Bezos, has announced plans to cut a staggering 18,000 roles, surpassing even the belt-tightening measures of rivals like Meta, that had previously announced plans to trim 11,000 jobs. Data from Layoffs Tracker reveals that a staggering 30,611 individuals from 30 different companies have been unceremoniously let go in the first six days of January alone. Financial giant Goldman Sachs, under the leadership of CEO David Solomon, has also announced plans to embark on a round of layoffs, with rumors of cutting up to 3200 employees causing alarm among staff. Adding to the maelstrom, Salesforce has also announced its intentions to lay off 8,000 employees, or 10% of its workforce, a move attributed by CEO Marc Benioff to the rapid expansion during the COVID pandemic. Job tracking firm Challenger, Gray, and Christmas Inc, has noted a particularly sharp spike in tech sector layoffs in November, with over 53,000 individuals losing their jobs. Video hosting platform Vimeo and crypto exchange Huobi are among the many other companies that have followed suit. Big entities apart, small firms are also not immune to layoffs. Adobe has also announced to cut down about 100 jobs, concentrating on sales. Chime Financial Inc, which is a digital-banking startup, has also announced a cut of 160 jobs. Video hosting platform Vimeo announced via LinkedIn that the company would be laying off 11 per cent of its staff amid ‘difficult times’. Leading crypto exchange Huobi is looking to layoff around 20 per cent of its workforce. Twitter, which was taken over by Elon Musk in October 2022, has suffered some of the deepest cuts of its peers right now. The social media platform has eliminated about 3,700 jobs by email. Another social media giant, Meta, also slashed 13 per cent of the company’s workforce, laying off 11,000 people. Tesla announced that it had axed 200 of its 350 employees working on Autopilot, the seeming crown jewel of Tesla. In June of 2022, Netflix laid off 300 employees after losing subscribers for the first time in more than a decade. Soundcloud, a music streaming company, also laid off staff, impacting 20 per cent of the company. Major news aggregator Flipboard also let go of 24 workers, or 21 per cent of its staff. More layoffs on the horizon? With the tech industry facing another round of job cuts as companies like Cisco Systems, HP Inc, Twitter, and Seagate Technology reportedly reduce their workforce, companies cite the need to adjust to current market conditions and boost profitability as the reason behind those swelling layoffs. Going by the trend, there is trepidation in the market about the possibility of more layoffs. As companies that experienced rapid growth during the pandemic now look to curb spending and trim their workforce, it seems that this may only be the beginning. Headlines are rife with rumors of more cost-cutting measures and downsizing to come, but the true extent of the impact on employment remains to be seen. The numbers of those laid off are already staggering, but it remains to be seen whether this will translate to a broader impact on employment numbers across the sector.
Chime Frequently Asked Questions (FAQ)
When was Chime founded?
Chime was founded in 2012.
Where is Chime's headquarters?
Chime's headquarters is located at 77 Maiden Lane, San Francisco.
What is Chime's latest funding round?
Chime's latest funding round is Series G - II.
How much did Chime raise?
Chime raised a total of $2.599B.
Who are the investors of Chime?
Investors of Chime include Crosslink Capital, Menlo Ventures, General Atlantic, Dragoneer Investment Group, Tiger Global Management and 21 more.
Who are Chime's competitors?
Competitors of Chime include Oxygen, Avant, NorthOne, Jiko, Moven, Deserve, MoCaFi, ONE, Petal, Monzo and 27 more.
What products does Chime offer?
Chime's products include SpotMe and 2 more.
Compare Chime to Competitors
Varo Bank offers a debit card and deposit and lending products via a mobile app and will be built around a 24/7 digital financial coach that will give insights, analysis of spending, and real-time budgeting.
N26 offers a mobile banking platform. It gives customers a solution to control their finances. The company allows users to open an N26 account directly from their phone or computer. It was founded in 2013 and is based in Berlin, Germany.
Starling is a digital banking platform offering personal, joint, and business accounts. It lets people visualize and manage their finances and facilitates money transfers, overdrafts and loans, multi-currency accounts, trading accounts, and more. The company was founded in 2014 and is based in London, U.K.
Current provides collaborative banking solutions. Current’s Personal Checking gets individuals paid quicker with direct deposit up to two days early and instant gas hold credits. Teen Banking is a smart debit card and app for parents to provide better financial education and independence for their kids.
Bancacao is a developer of banking products. The company's Tzune is a digital financial services platform that offers fair, contactless, and personal solutions.
Atom Bank operates as a digital banking service provider. It allows customers to open accounts using a mobile application, allows to access financial information, and the ability to take advantage of a range of tools. It offers fixed deposit facilities and loan facilities for small and medium enterprises. The company was founded in 2014 and is based in Durham, United Kingdom.
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