Chime (US fintech) raises $200million for a $1.5b valuation

[jzw95]

Clearly a desire to see finch banks in the US.

Two previous threads about Chime on here for those who are interested:

Chime: the USA’s Monzo?

Today, that feature set includes an automatic savings option that will round up purchases, and one that socks away 10 percent of your paycheck into your Chime savings account. It also has a popular no-fee paycheck advance feature that will make your direct deposited paycheck available to you early – as soon as the deposit is initiated by the payroll provider and the bank is alerted. This feature set and no-fee structure has attracted a number of young professionals from all over the U.S. to sw…

Chime ( US Challenger Bank)

Good Afternoon Everyone, Has anyone heard of Chime bank before? Apparently is the main challenger bank in the USA with around a million of customers. I was a bit surprised when I read about it as I know of Monzo’s intention of expanding in the US market and never realised there were already important players in the market. Has anyone got more info about them? (i.e. how long have they been around / quality of the bank) I couldn’t find much online. How is Monzo supposed to deal with that, and…