Fintech, Mobile Banking App Chime Raises $9M in Funding

chimeChime, a San Francisco, CA-based fintech startup that provides a bank account for people to automate savings, closed an additional $9m of funding.

We wrote about the company in a recent post highlighting the mobile banking startups to watch.

The round was led by Aspect Ventures with participation from Crosslink Capital, Homebrew, PivotNorth Capital, Forerunner Ventures and SurveyMonkey CEO Zander Lurie. In conjunction with the funding, Lauren Kolodny of Aspect joined Chime’s board.

Co-founded by CEO Chris Britt and Ryan King, Chime provides members with a Visa® debit card*, a spending account, an optional savings account, and an iPhone and Android  app that keeps them in control of money and save automatically. Members’ funds are FDIC insured through The Bancorp Bank.
The company, which has raised a total of $21m to date, also announced a suite of new features including the availability of Apple Pay and Pay Friends, a new service to instantly pay friends and family.

*The Chime Visa Debit Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.




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