Chime, a digital bank, led by CEO Chris Britt, is aiming for market dominance with a focus on customer well-being. Despite lower revenue compared to SoFi, Chime is valued at $8B in private markets and has 7M customers with a $900M balance sheet. The company is considering an IPO in 2025.
CEO/Cofounder Chris Britt has built @Chime the right way to impact durable change in finance: meticulously, steadily, and with humility & tremendous grit. Today, Chime is the undisputed largest challenger bank that’s the most aligned with consumers: https://t.co/SPE46xPQ5S
Exclusive: The Inside Story Of Chime, America’s Biggest Digital Bank https://t.co/vpiSt4pD2F https://t.co/6Q3yF7V26x
The Chime story is one of relentless prioritization, patience & utmost care of consumer needs. This ethos has enabled them to build America's largest digital bank.🔥 Great seeing @LaurenKolodny thoughtful insights & perspectives that drove an early investment in this feature. https://t.co/12W3PBxg9S
Exclusive: The Inside Story Of Chime, America’s Biggest Digital Bank As he looks towards a possible 2025 IPO, CEO Chris Britt opens up about his own history and Chime’s current business and future. Could Washington stomp on his plans https://t.co/7tyX8Y2bNS
As @JeffKauflin reports in this latest @Forbes feature, @Chime's founders @chrisrbritt and @ryanking have consistently stayed true to their values and aligned their own business model to the financial wellbeing of their customers. https://t.co/cpHXDP2srl
Chime CEO Chris Britt is in a land grab for banking customers. “We’re pursuing a huge opportunity to be the number one market-share company in primary account relationships,” he says. https://t.co/CS97CoL42O https://t.co/v61ZOFpqcf
Another reason VC investing is self serving. $SOFI has MUCH better numbers and is valued at is 2X in revenue, growing faster than Chime, but Chime is valued at $8B in private markets @Chime $1.5B revenue, ⬆️ 30% YoY, teetering profitability 7M customers $900M balance sheet…