Chime Announces $18 Million Series B to Accelerate Growth; Surpasses 500,000 Bank Accounts
Chime, a leader in mobile banking that helps members avoid fees and automate their finances, today announces $18 million in Series B financing. The round is led by Cathay Innovation, with additional investors including Northwestern Mutual Future Ventures and Omidyar Network.
"This financing allows us to rapidly scale a new approach to mobile banking that actually improves financial lives", says Chris Britt, CEO of Chime.
With a model including powerful mobile interfaces to connect financial services and no reliance on customer banking fees, Chime has created a new approach to helping consumers automate savings, retain financial control, and get ahead financially.
Read the press release here.