Chime, Challenger Banks And The Challenges Of (Lofty) Valuations
PYMNTS
SEPTEMBER 18, 2020
The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card. Accounts are FDIC-insured through a partnership with Bancorp Bank. The company said earlier this year that it had more than eight million accounts in place, as reported by the Los Angeles Times.
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