Amount
Latest price
$32.36
(£1.00 = $1.325)
Number of shares (est.)
0
Market Cap
$11.891B
P/E ratio
-469.16
EPS
-$0.07
Beta
N/A
Dividend rate
N/A
Dividend yield
N/A
Chime Financial, Inc. is a consumer financial technology company. The Company offers everyday Americans access to a range of products with banking services provided by its Federal Deposit Insurance Corporation (FDIC) insured bank partners. Through its platform, its members access FDIC-insured checking accounts and linked debit cards, secured credit cards, and other mobile banking features that allow them to manage their money and pay for their everyday expenses. Its liquidity products offered through its platform are designed to provide its eligible members with access to short-term liquidity when they need it for free. These products include SpotMe, which is a fee-free overdraft protection product, and MyPay, which allows its members to access up to $500 of their pay on demand before payday. It offers access to full-featured, FDIC-insured checking accounts provided through its platform by one of its bank partners, The Bancorp Bank, N.A.
CEO
Mr. Christopher Britt
Employees
1,442
Sector
Tech
Company HQ
SAN FRANCISCO, United States of America
Website
Traditional bank stocks are often considered slow-growth investments that are held for income and stability instead of big long-term gains. Therefore, investors looking for a bit more growth in the financial sector should focus on fintech companies, which blend together the stickiness of financial services with the scalability of cloud-based tech platforms.
Chime (CHYM -0.28%), a fintech company that provides mobile-first banking services for its partner banks, went public at $27 on June 12. It started trading at $43, soared as high as $44.94 during the day, and closed at $37.11.
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