Digital banking startup Chime is looking to ride the wave of challenger banking and provide customers with a better experience...
We look at some of the recent Fintech bundling news that boggle the mind. Neobank Chime just raised a mammoth round from DST Global, valuing it at $6 billion. Figure raised another $60 million round. Goldman is launching a retail roboadvisor. Revolut is offering pensions. Wealthfront is offering mortgages. The world is upside down. We cool down with pictures showing augmented reality implementations in commerce and finance, and finish with an elevated thought about the future.
Chime raises $18mn in a series B fundraise from Cathay Innovation, Northwestern Mutual Future Ventures, Crosslink Capital and more; Chime is a digital banking app focused on millennials by not charging monthly fees or overdraft charges; they make money on transactions and thus far have over 500,000 customers. Source.
Chime, a 5-year-old digital banking startup, has passed 1 million customers and $4.5 billion in transaction volume. The San Francisco company markets itself...
Many Americans are taking a new look at their personal finances and are increasingly looking to popular fintech applications; Chime...
Many of these firms have aimed to go public in the vague "end of 2021/ early 2022/ when we have enough money" time frame while participating in increasingly rare-letter funding rounds.
The growth of fintech has already had a tremendous impact on the banking system; but the business model for many...
According to a new survey by Cornerstone Advisors 6 percent of U.S. adults with a checking account consider a digital...
In news of cross-selling financial products across categories, roboadvisor Wealthfront has gathered a nifty $1 billion of deposit assets for its 2.29% interest-yielding non-bank cash account. Given that the firm has a little over $10 billion in managed investment assets, charges somewhere between 0 and 25 bps on those assets, and took years of wiggly pivoting to get to the current stage, it is fair to consider this influx a big win in terms of client traction. It is also $22 million of annual interest payments. A couple of things come to mind that are worth pulling apart.
Last year we saw continued interest in a broad array of fintech companies. Recently the fintech space has become more...