Chime
American financial services company
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| 2025 | Began offering federal and state tax filing services through its mobile app. |
| 2024 | Launched MyPay, an earned wage access (EWA) product allowing users to access up to $500 of wages before payday, with no mandatory fees or credit check. |
| 2024 | The U.S. Consumer Financial Protection Bureau assessed a $3.25 million penalty against Chime, plus at least $1.3 million in customer redress for delays in returning deposits from closed accounts, with customers waiting 90 days or longer to receive funds. |
| 2024 | Chime was named to the CNBC Disruptor 50 list and grew to approximately 22 million customers. |
| 2024 | Chime was fined for poor handling of customer complaints and agreed to upgrade its customer service. |
| September 2024 | Morgan Stanley was announced as the lead for Chime's planned IPO in 2025. |
| November 2022 | A report highlighted Chime's continued practice of closing customer accounts without explanation, with the Consumer Financial Protection Bureau having received 3,500 complaints since early 2020. |
| November 2022 | Chime laid off 160 employees, representing 12% of its workforce. |
| February 2022 | Chime delayed its planned initial public offering (IPO). |
| 2021 | Became the most downloaded digital banking app in the U.S. during the first half of the year, according to Apptopia data. |
| 2021 | Chime reached agreements with California and Illinois financial regulators to stop representing itself as a bank. The company agreed to cease using 'chimebank.com', modify marketing language around the word 'bank', and add disclaimers to its marketing materials. In the Illinois settlement, Chime paid $200,000. |
| September 2021 | Chime leased 192,000 square feet of office space across six floors in a San Francisco building owned by Hines. |
| August 2021 | Chime Financial raised $750 million in a Series G funding round led by Sequoia Capital Global Equities, achieving a valuation of approximately $25 billion. |
| July 2021 | ProPublica published an article exposing Chime's practice of closing customer accounts without notice or explanation, sometimes refusing to return customer deposits, which Chime attributed to fraud prevention measures. |
| June 2020 | Launched Credit Builder in partnership with Stride Bank, N.A., a credit card designed to help consumers build their credit history. |
| April 2020 | In response to the COVID-19 pandemic, Chime launched a pilot program providing users with a $1,200 advance on Economic Stimulus Payments via SpotMe, processing over $375 million in stimulus payments ahead of the government's scheduled disbursement. |
| February 2020 | Chime reached 8 million account holders. |
| January 2020 | Chime announced a multi-year jersey sponsorship deal with the Dallas Mavericks. |
| October 16 2019 | Chime experienced a significant service outage that left users without access to their deposits, with the issue being resolved the next day. |
| September 2019 | Chime launched SpotMe, a fee-free overdraft service allowing customers to overdraw their accounts up to $100 without incurring overdraft fees. |
| 2018 | Chime acquired Pinch, a startup helping millennials build credit scores by reporting on-time rent payments to credit bureaus. The Pinch co-founders joined Chime's team as part of the acquisition. |
| April 15 2014 | Chime officially launched on the Dr. Phil Show, introducing its banking services to a national audience. |
| 2012 | Chris Britt (CEO) and Ryan King (CTO) founded Chime in San Francisco, California as an alternative banking platform focused on serving less affluent communities and people living paycheck to paycheck. |
This contents of the box above is based on material from the Wikipedia article Chime (company), which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.