Chime CEO Chris Britt said with much of the banking system being on edge, he sees a strong market need for fintechs.
Addressing the part of the population that has been disillusioned by traditional banking was part of the impetus for Britt and Ryan King to found Chime in 2010. This year marks the fourth time Chime has been featured on the CNBC Disruptor 50 list.
Britt said that although Chime has a relationship with SVB, it "hasn't seen much of a change as a result of the SVB situation" from members, as "99.9% of our consumer deposits are FDIC insured because they're well below the $250,000 threshold."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stroller Gate: Parents Chime In On The Growing DebateHave you ever felt judged based on your stroller? Learn more about a new parenting debate ignited by TikTok that explores whether strollers have become the new parenting status symbol.
Read more »
DeVonta Smith ranks top 5 Alabama receivers of all time; Former Tide stars chime inPhiladelphia Eagles receiver and former Tide star DeVonta Smith recently took a stab at ranking the top 5 Alabama receivers of all time. How would you rank them?
Read more »
Guardians Of The Galaxy Vol. 3 tops Super Mario in weekend box officeGuardians Of The Galaxy Vol. 3 bests Super Mario in weekend box office battle of the Pratts
Read more »
Usher and Chris Brown Argue Hours Before Las Vegas PerformancesUsher and Chris Brown were spotted getting into a heated altercation hours before they each performed at the LoversAndFriends festival.
Read more »
George Strait hinted at riding away and Chris Stapleton 'Outlawed' at Arizona concertGeorge Strait got real at State Farm Stadium in Glendale, Arizona. Chris Stapleton brought outlaw energy. How the King of Country launched his tour.
Read more »
George Strait hinted at riding away and Chris Stapleton 'Outlawed' at Arizona concertGeorge Strait got real at State Farm Stadium in Glendale, Arizona. Chris Stapleton brought outlaw energy. How the King of Country launched his tour.
Read more »