Chime Financial, Inc. reports news about its financial technology platform, digital banking access, payments products, and member-focused liquidity tools. The company is not a bank; banking services and FDIC-insured member deposits are provided through The Bancorp Bank, N.A. or Stride Bank, N.A.
Recurring updates include quarterly financial results, payments and platform-related revenue, MyPay, Instant Loans, SpotMe, Chime Prime, Chime Enterprise, and product development on ChimeCore. Chime news also covers partnerships, financial literacy initiatives, brand and sports sponsorships, conference participation, share repurchase activity, and the company’s use of AI in product engineering and operations.
Chime (CHYM) has opened a new 84,000-square-foot East Coast hub at 122 Fifth Avenue in Manhattan’s Flatiron District, expanding in its largest metropolitan market. The three-floor office consolidates New York-based staff across product, engineering, enterprise, marketing, partnerships, and other functions to support in-person collaboration at the intersection of finance and technology, alongside existing offices in San Francisco and Chicago.
The company describes this as part of its next phase of growth, highlighting a recently signed definitive agreement to acquire long-time partner Stride Bank, subject to regulatory approval, which would bring a national bank charter and banking infrastructure in-house. Chime also references prior New York expansion via the 2024 acquisition of Salt Labs (now Chime Enterprise) and lists multiple community partnerships focused on financial education and economic mobility.
Chime (CHYM) agreed to acquire Stride Bank’s parent, Central Service Corporation, for $590 million in cash, with closing expected in the first half of 2027, subject to OCC and Federal Reserve approvals and other customary conditions.
Stride Bank, N.A. will be renamed Chime Bank, N.A. and operate as a wholly owned subsidiary, giving Chime a national bank charter and vertically integrated platform. The purchase price represents approximately 1.5x Stride’s tangible book value. The deal is expected to be immediately accretive to Chime’s EPS and to generate more than $100 million in net synergies from lower sponsor-bank fees, expanded lending products, and a reduced cost of funds. Chime, which is profitable, plans to fund the transaction entirely from cash on its balance sheet and does not anticipate an incremental capital contribution.
Chime also raised guidance, now expecting Q3 2026 revenue of $705 million (about 30% YoY growth) and adjusted EBITDA of $117–$120 million (roughly 17% margin). Full-year 2026 revenue is projected at $2.76–$2.77 billion (about 26–27% YoY growth) with adjusted EBITDA of $481–$489 million (17–18% margin).
Chime (Nasdaq: CHYM) announced an expanded benefit for Trump Accounts, under which it will contribute $250 when a Trump Account is opened for any child of a Chime employee. This builds on Chime’s earlier pledge to match the U.S. Treasury’s $1,000 seed contribution for eligible children born between January 1, 2025, and December 31, 2028.
Chime also highlighted its Compound Combine™ financial education series, launched in Jersey City and later held in Charlotte, with upcoming events in Pittsburgh on October 11, 2026 and in Texas in 2027. According to Chime, these events, created with Invest America, promote saving, investing, and Trump Account enrollment. Chime further partners with the Council for Economic Education as it works toward a goal of bringing financial education to 10 million people by 2027.
Chime (Nasdaq: CHYM) announced that CEO and Co-founder Chris Britt will join a fireside chat at the Goldman Sachs Communacopia + Technology Conference/b) in San Francisco on at 10:50 a.m. PDT. A live webcast and limited-time replay will be available on Chime’s investor relations website.
Chime (Nasdaq: CHYM) announced its 2026–2027 Chime Scholars Foundation cohort, providing $3 million in scholarships to 800 students nationwide. The program, launched in 2022, aims to reduce financial barriers to higher education and support career advancement.
According to Chime, the foundation has now awarded nearly $10 million in scholarships to almost 1,500 students across 546 institutions in 41 states. The 2026–2027 class was selected from more than 9,000 applications, with 74% first-generation college students and all recipients Pell Grant–eligible. Chime reports an 87% graduation rate among scholars, with about 45% pursuing community college or trade school pathways. CSF is funded through Chime’s 1% equity pledge over a decade.
Chime (Nasdaq: CHYM) reported second quarter 2026 revenue of $669.8 million, up 27% year over year, with gross profit of $595 million and gross margin of 89%. Net income was $28 million for a 4% net margin, marking a second consecutive profitable GAAP quarter. Adjusted EBITDA reached $102 million with a 15% margin, up more than 12 percentage points year over year.
Active Members rose 20% to 10.4 million, ARPAM increased 6% to $260, and Purchase Volume grew up to 20% including OIT to $39.4 billion, supported by Chime Prime adoption. Chime raised full-year 2026 guidance to $2.725–$2.745 billion in revenue and $465–$475 million in adjusted EBITDA. The company also announced CFO Matt Newcomb will step down on August 7, 2026, with President Mark Troughton appointed President & Interim CFO.
Chime (Nasdaq: CHYM) announced a partnership with Allied Universal, a global security and facility services provider, to offer Chime Workplace™ financial wellness benefits to approximately 320,000 North American employees at no cost to the company or its workers.
Eligible Allied Universal employees gain access to fee-free earned wage access, high-yield savings accounts earning up to 3.75% APY depending on membership tier, as well as investing and credit-building tools. Allied Universal receives real-time insights into employee savings, credit-building and benefit usage via the Chime Workplace portal. Chime highlighted earlier results from customer First Student, where 46% of active enrolled employees began saving within two months and 76% of those continued saving. Citing a 2026 Everest Group report, Chime noted rising employer focus on financial wellness and the difficulty many programs have in showing measurable outcomes.
Chime (Nasdaq: CHYM) launched Chime Invest, an investing feature integrated into the Chime app, allowing members to buy U.S. stocks and ETFs commission‑free or use expert‑managed portfolios, with no account minimums. Managed portfolios are built and managed by Atomic Invest, an SEC‑registered investment adviser.
Management fees are 0% for Chime Prime, 0.10% for Chime Plus, and 0.25% for other members. Securities are SIPC‑protected up to $500,000. Chime members also access high‑yield savings with APYs up to 3.75%, and general access to Chime Invest will roll out over the coming weeks.
Chime (Nasdaq: CHYM) plans to release its second quarter 2026 financial results on August 5, 2026, after the market close. The company will host an earnings conference call at 3:00 p.m. Pacific / 6:00 p.m. Eastern, with a live webcast and replay available on its Investor Relations website.
Chime (Nasdaq: CHYM) and Invest America launched the nationwide Compound Combine event series in Jersey City to teach families how long-term investing and compounding work. The program promotes Trump Accounts, tax-advantaged IRAs for children, and uses football-style drills plus CEE-designed financial literacy materials.
According to Chime, it has helped families elect to open an estimated 130,000 Trump Accounts and serves over 10 million members. A new partnership with the Council for Economic Education aims to bring wealth-building curriculum into classrooms, supporting Chime’s goal of reaching 10 million people with financial education by 2027.