Chime at $1.5B/year
TL;DR: Chime hit $1.5B in annualized revenue in April 2024 with the unsexy business model of neobanking for low-income consumers. Now they're launching the product—lending—that has driven profitability for the most successful neobanks in the world, from Nubank to SoFi to Monzo. For more, check out our full report and dataset on Chime, as well as our interview on the neobank’s future with an ex-employee at Chime...
First published on 5/27/2024
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