Chime raises $18mn in a series B fundraise from Cathay Innovation, Northwestern Mutual Future Ventures, Crosslink Capital and more; Chime is a digital banking app focused on millennials by not charging monthly fees or overdraft charges; they make money on transactions and thus far have over 500,000 customers. Source.
American Banker takes a look at some of the better know digital banks and how they are trying to build...
American Banker reports that digital banking startup Chime is close to raising $300mn in fresh capital; DST Global is said...
Wells Fargo is still digging out from a PR disaster last week when the bank went offline for a large...
The company has raised a $200 million Series D round which was led by DST Global; new investors include Coatue,...
Chime, a 5-year-old digital banking startup, has passed 1 million customers and $4.5 billion in transaction volume. The San Francisco company markets itself...
Digital banking startup Chime is looking to ride the wave of challenger banking and provide customers with a better experience...
Digital banking startup Chime saw a big boost last week after Wells Fargo reported an outage where customers could not...
Wells Fargo is still digging out from a PR disaster last week when the bank went offline for a large...
In news of cross-selling financial products across categories, roboadvisor Wealthfront has gathered a nifty $1 billion of deposit assets for its 2.29% interest-yielding non-bank cash account. Given that the firm has a little over $10 billion in managed investment assets, charges somewhere between 0 and 25 bps on those assets, and took years of wiggly pivoting to get to the current stage, it is fair to consider this influx a big win in terms of client traction. It is also $22 million of annual interest payments. A couple of things come to mind that are worth pulling apart.