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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

As reported by PYMNTS in late June, Chime debuted its Chime Credit Builder Visa Credit Card, which lets users transfer funds to a secured account (which effectively limits what can be spent). The company said earlier this year that it had more than eight million accounts in place, as reported by the Los Angeles Times.

article thumbnail

Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

As reported by PYMNTS in late June, Chime debuted its Chime Credit Builder Visa Credit Card, which lets users transfer funds to a secured account (which effectively limits what can be spent). The company said earlier this year that it had more than eight million accounts in place, as reported by the Los Angeles Times.