Chime Aims at Big Disruption with No Fee Accounts

Digital banking startup Chime is looking to ride the wave of challenger banking and provide customers with a better experience than incumbent banks; Chime offers no fee checking accounts through their app and has so far seen more than 2 million customers sign up; Chris Britt, Chime’s co-founder, said in an interview with Business Insider, “What our customers value is a mobile app that works, transparent pricing for our products and they don’t need to come and visit us in a branch — we have to be an authentic brand.”; the company also offers a fee free p2p lending system and plans to launch more products in the near future. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.