Chime Aims at Big Disruption with No Fee Accounts

Digital banking startup Chime is looking to ride the wave of challenger banking and provide customers with a better experience than incumbent banks; Chime offers no fee checking accounts through their app and has so far seen more than 2 million customers sign up; Chris Britt, Chime’s co-founder, said in an interview with Business Insider, “What our customers value is a mobile app that works, transparent pricing for our products and they don’t need to come and visit us in a branch — we have to be an authentic brand.”; the company also offers a fee free p2p lending system and plans to launch more products in the near future. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!