Chime acquires employee rewards start-up Salt Labs
Salt Labs’ CEO Jason Lee will take charge of the neobank’s new Chime Enterprise division.
Salt Labs’ CEO Jason Lee will take charge of the neobank’s new Chime Enterprise division.
Chime is to also pay “at least $1.3 million in redress to harmed consumers”.
Chang brings 15 years of financial services, fintech and consumer protection experience to her new role.
The three firms join an ever-increasing list of fintechs hit by the current economic volatility and uncertainty.
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The San Francisco-based firm has now raised over $2 billion in total funding.
“We are currently experiencing intermittent outages,” Chime said.
The new valuation would pit Chime ahead of Brazilian neobank Nubank.
The US government plans to distribute stimulus checks from 13 April.
Chime soars ahead of Brazilian challenger NuBank’s $400 million record fundraise.
Chime serves more than five million accounts across the US.
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The challenger is now valued at $1.5 billion.
It also reached over one million bank accounts this month.
Digital banking technology company Q2 Holdings Inc. took the Finovate stage to demo its CardSwap technology.