Chime Establishes Itself as a Leading Neobank Provider in the USA

Chime Financial is a US fintech based in San Francisco that specializes in mobile banking services. Through partner banks, Chime offers fee-free checking and savings accounts, avoids traditional fees, and primarily generates revenue from interchange fees on card transactions. The company specifically targets customers who are often overlooked by traditional banks and is considered one of the largest neobank providers in the USA. After years of rapid growth and a strong user base, Chime aims for sustainable profitability, but faces intense competition...