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.
Our top pick of news from the world of finance and tech in bitesize video format, every week.
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.
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
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.