Chime raises $9M

What does Chime do?
Chime, is a bank account which helps its members lead better financial lives and automate their savings. It is smarter banking for the mobile generation. These days saving money is difficult and most banks are not attempting at making it easier. This company offers the mobile first bank account and a Visa debit card which rewards customers for developing healthy financial habits.
How much Chime was funded?
The company raised $9M in an undisclosed round on May 19, 2016 from Zander Lurie, PivotNorth Capital, Forerunner Ventures, Crosslink Capital, Homebrew and Aspect Ventures.
Previous funding
$3.75M on October 1, 2012
Undisclosed amount in undisclosed round on August 2, 2013 from IrishAngels
$8M in undisclosed round on November 5, 2014 from Crosslink Capital, Forerunner Ventures, Homebrew and PivotNorth Capital.
What is next for Chime?
Chime has announced many new features along with the availability of Apple Pay and a new service through which customers can pay their family and friends instantly. Lauren Kolodny, has joined the company’s Board of Directors. Along with the Apple Pay, members of this company can also enjoy security, convenience and privacy of mobile payments at retailers all over the country and within their favorite mobile apps. Customers by adding this company to the Apple Pay on their iPad, iPhone or Apple Watch, can benefit from the company’s Automatic Savings and rewards when they buy something with Apple Pay. The company has added Pay Friends, a person to person payment feature which is available for members in the latest release of the company’s website and mobile app available on Google Play store and App store. With this payment feature members can send money instantly to more than 120 K members of this company.
More about Chime
Chime was founded in 2013 by Chris Britt and Ryan King. It has its headquarters in San Francisco, California. The company’s main aim is helping its members live healthier financial lives. This is a new approach to banking which does not rely on fees.