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Chime to buy Stride Bank in $590M deal

Stride, a nationally chartered bank, has worked with Chime as a banking partner for more than seven years.
Chime just agreed to buy the bank it has been renting for years, and the move promises cheaper funding and cleaner economics ...
Executives target GAAP profitability while scaling MyPay. Chime’s fourth quarter 2025 results centered on linked trends: heavier use of the Chime Card for spending and continued growth in members ...
Chime will pay $590m for Stride Bank, its sponsor of seven years, and rename it Chime Bank. Closing needs OCC and Federal Reserve approval.
The new Chime Prime is automatically delivered to members who receive at least $3,000 per month in qualifying direct deposits, the FinTech company said in a Thursday (April 2) press release. This ...
Consumer financial technology company, Chime, which claims to offer the most “loved” banking app, announced that its fee-free overdraft feature, SpotMe, has covered its members with more than $30 ...
OKLAHOMA CITY, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Stride Bank, N.A., member FDIC, announced today that it has extended its private-label banking services agreements with U.S.-based financial technology ...
Chime has launched Chime Invest, an investment platform that allows members to buy U.S. stocks and exchange-traded funds or use professionally managed portfolios directly through the Chime app. The ...
Acquiring one of its long-time bank partners offers the fintech “a faster and more proven path to full-stack ownership,” compared to pursuing its own charter, Chime said Tuesday.