Browsing: Chime

Chime Financial (NasdaqGS:CHYM) has entered a definitive agreement to acquire Stride Bank, signaling a move toward full-service banking capabilities.

Chime Financial (CHYM) just opened an 84,000 square foot East Coast hub at 122 Fifth Avenue in Manhattan’s Flatiron District, consolidating its expanding New York operations under one roof for investors to track.

Acquiring one of its long-time bank partners offers the fintech “a faster and more proven path to full-stack ownership,” compared to pursuing its own charter, Chime said Tuesday.

Shares of Chime Financial (NASDAQ: CHYM) rallied 44% in August, according to data from S&P Global Market Intelligence.