Chime, Challenger Banks And The Challenges Of (Lofty) Valuations
PYMNTS
SEPTEMBER 18, 2020
Regional players like BankUnited have even smaller market caps (at about $2 billion). The partnership model is an increasingly popular setup for financial technology startups that don’t have their own bank charters. With the $14.5 Chime earns revenue from debit card transaction fees paid by merchants.
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