1. Chime is like Robinhood for everyday banking.

2. Chime is like Cash App or Venmo, but designed as your primary checking account.

• Spending Account: A checking account alternative that provides users with a Visa® Debit Card and direct deposit capabilities.
• Savings Account: An optional, high-yield savings account linked to the Spending Account, designed to help members save money automatically.
• Credit Builder Secured Visa® Credit Card: A secured credit card designed to help users build their credit history without an annual fee or a traditional credit check.
• SpotMe®: An optional service that allows eligible members to overdraw their spending account up to a pre-set limit on debit card purchases without incurring overdraft fees.
• Early Direct Deposit: A feature that provides access to paychecks up to two days earlier than traditional banks.
• Pay Anyone: A peer-to-peer payment service enabling users to send money instantly to other Chime members or non-Chime members without transfer fees.

Chime Financial (symbol: CHYM) primarily sells its financial services directly to **individuals**, rather than to other companies.

Based on its business model as a fintech company providing mobile-first banking services, Chime serves up to three main categories of individual customers:

• Everyday Consumers Seeking Accessible, Fee-Free Banking: This category includes individuals who are often underserved by traditional banks or are dissatisfied with high fees, minimum balance requirements, and outdated banking experiences. They value Chime's no-monthly-fee model, easy mobile access, and transparent services.
• Individuals Seeking Financial Flexibility and Security: This group comprises customers who often live paycheck-to-paycheck, have irregular incomes, or seek features that help them manage their money more effectively. They significantly benefit from features like "Get Paid Early" (accessing paychecks up to two days in advance) and "SpotMe" (fee-free overdraft protection).
• Credit-Building Individuals: Customers who are looking to establish or improve their credit score. Chime offers a "Credit Builder Visa® Secured Credit Card" designed to help users build credit safely, without interest or annual fees, by reporting on-time payments to major credit bureaus.

• The Bancorp Bank (NASDAQ: TBBK)
• Stride Bank, N.A.
• Visa (NYSE: V)

Chris Britt CEO & Co-Founder

Chris Britt co-founded Chime in 2012/2013, launching it as a mobile banking app with a focus on fee-free services. Prior to Chime, he held significant roles in the financial and technology sectors, including Chief Product Officer and Senior Vice President of Corporate Development at Green Dot Corporation (2007-2012), and Senior Product Leader at Visa, Inc. (2004-2007). He also served as VP & General Manager of the Financial Services Division at Comscore Networks and VP of Business Development at CMGI/Engage/Flycast Communications. There is no information suggesting he founded or managed other companies that were sold, or that he has a pattern of managing private equity-backed companies, though Chime itself is venture capital-backed.

Matt Newcomb Chief Financial Officer

Matthew Newcomb joined Chime as Chief Financial Officer in September 2016, playing a crucial role in securing over $2 billion in venture capital funding for the company. Before Chime, he co-founded DigiPuppets LLC, a children's entertainment company focused on educational toys and mobile apps, which later ceased operations. Newcomb's extensive background in financial services includes a Vice President role at BlackRock from 2008 to 2012, where he advised major financial institutions during the Great Recession and worked on risk analytics and investment management technology products. He also served as a Director of Business Development & Strategy (MBA Intern) at RedOwl Analytics and is an investor at Insure.VC. His career demonstrates experience with financial advisory and entrepreneurial ventures.

Ryan King Co-Founder

Ryan King co-founded Chime with Chris Britt in 2012/2013. While listed as Co-Founder on Chime's official leadership page, he is widely recognized as the Co-Founder and Chief Technology Officer (CTO). Prior to Chime, King was the VP of Engineering at Plaxo, an early professional social networking company that was acquired by Comcast. Following the acquisition, he became the Chief Technology Officer and Vice President at Comcast Silicon Valley Innovation Center. His experience also includes senior engineering roles at Liberate Technologies and Microsoft. His involvement with Plaxo, which was sold to Comcast, fulfills the criteria of having been involved with a company that was acquired.

Mark Troughton Chief Operating Officer

Mark Troughton serves as the Chief Operating Officer at Chime. Prior to joining Chime, he held the position of General Manager of the North American Small Business Group at Intuit, where he was responsible for QuickBooks Online. He also has experience as CEO of the restaurant discovery service Foodspotting (acquired by OpenTable), CEO of the social media company Gaia Interactive, and held senior leadership roles at AOL and Netscape. His experience with Foodspotting, which was acquired by OpenTable, indicates involvement with a company sale.

Jeff Currier Chief Technology Officer

Jeff Currier is the Chief Technology Officer at Chime. Before joining Chime, Currier spent over 15 years at Intuit, where he held various leadership positions, including Vice President of Engineering, overseeing teams responsible for products like QuickBooks Online. He also served as Chief Technology Officer at Plaid, a data transfer network that powers fintech and digital finance products. His background primarily involves leading engineering and technology at established financial technology companies.

Here are the key risks to Chime Financial's business:

1. Regulatory Risk and Reliance on Interchange Fees: Chime Financial's business model is substantially reliant on interchange fees, which are paid by merchants to a customer's bank. This dependence exposes the company to significant regulatory risk, as changes in regulations regarding these fees could directly and negatively impact its primary revenue stream and overall business model.
2. Path to Sustained Profitability and Thin Margins: Despite experiencing notable revenue growth, Chime faces ongoing concerns regarding its long-term profitability. The company operates with a low-margin, fee-free approach, and while it reported a profit in the first quarter of 2025, it was not profitable in the three years prior. Analysts express caution about Chime's thin margins and the potential for market or regulatory shifts to exert pressure on its business model and profitability.
3. Fraud and Transaction/Credit Losses: As a prominent digital financial technology company, Chime encounters substantial challenges related to fraud. Although the company has indicated a reduction in fraud-loss rates, it remains a dynamic issue, with instances of increased consumer complaints concerning unauthorized transactions. Furthermore, Chime's "transaction and risk losses," which encompass lending losses, disputed charges, and fraud, saw a significant surge in the first quarter of 2025.

• Traditional financial institutions, leveraging their vast resources and customer bases, are increasingly enhancing their digital banking offerings to directly compete with neobanks like Chime. This includes introducing fee-free accounts, improved mobile apps, and early access to paychecks, thereby eroding Chime's core differentiators.
• Major technology companies and payment apps (e.g., Block's Cash App, PayPal/Venmo) are expanding their services beyond payments to offer more comprehensive banking-like features, including direct deposit, debit cards, and savings products. These platforms possess massive user bases and significant capital, posing a direct competitive threat to Chime's target demographic.
• Increased regulatory scrutiny on fintech companies operating without their own bank charters, particularly regarding consumer protection, fee structures, and the "rent-a-bank" model, represents a growing threat. This could lead to higher compliance costs, restrictions on product offerings, or necessitate fundamental changes to Chime's operational model.

Here are 3-5 expected drivers of future revenue growth for Chime Financial (CHYM) over the next 2-3 years:

1. Growth in Active Members and Engagement: Chime's revenue model is primarily driven by interchange fees from debit card transactions, meaning an increase in active users directly translates to higher revenue. The company reported a 21% year-over-year increase in active members, reaching 9.1 million in Q3 2025. Chime aims to continue increasing member engagement and acquisition, which is a core component of its expansion strategy.
2. Expansion of Product Offerings and New Product Launches: Chime is actively broadening its product portfolio to attract and retain customers. A significant driver is the recently launched Chime Card, a secured credit card introduced in September 2025, which offers 1.5% cash back and boasts a higher interchange rate (175 basis points) than the company's average Q3 take rate. Chime also plans to launch new products in 2026, including joint accounts, custodial accounts, and investment services, further diversifying its revenue streams and enhancing customer stickiness.
3. Expansion into New Market Segments: Historically, Chime has focused on households earning under $100,000 annually. However, the company is now broadening its target market to include higher-income earners, specifically those earning up to $200,000. This expansion into a more affluent segment is expected to drive significant growth by tapping into a larger customer base with potentially higher spending power.
4. Increased Average Revenue Per Active Member (ARPAM): Chime is focused on boosting its average revenue per active member. This is achieved through increased member engagement, driving more transactions, and higher product attachment rates. New products like the Chime Card, with its higher interchange fees, are specifically designed to enhance ARPAM and contribute significantly to overall revenue growth.
5. Operational Efficiency and Technology Platform Migration: While not a direct revenue driver, the successful migration to the proprietary Chime Core technology platform is expected to significantly enhance operational efficiency and improve gross margins, aiming for nearly 90% in Q4 2025. This increased efficiency and profitability allow Chime to invest more in growth initiatives, product development, and customer acquisition, indirectly fueling future revenue expansion.

Share Repurchases

• Chime Financial's board of directors authorized a $200 million share repurchase program on November 4, 2025.
• The program allows for repurchases through open market transactions, privately negotiated transactions, and other means.
• The timing, manner, price, and amount of any repurchases are at the company's discretion and can be suspended or discontinued at any time.

Share Issuance

• Chime Financial became a public company on June 12, 2025, through an initial public offering (IPO).
• The IPO priced 32,000,000 shares of Class A common stock at $27.00 per share.
• Chime directly sold 25,900,765 shares, raising approximately $700 million from the offering.

Inbound Investments

• In August 2021, Chime Financial raised $750 million in a Series G funding round, led by Sequoia Capital Global Equities.
• As of 2021, the company had accumulated a total of $2.3 billion in private funding.
• This funding round gave Chime a peak private valuation of approximately $25 billion in 2021.