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Ex-Chime employee on Chime's multi-product future | Sacra

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Sacra interview with an ex-Chime employee.

View PDF Embed PDF Highlight Unhighlight Background We talked to an ex-employee of Chime about whether the neobank will look to become a chartered bank, Chime 's forays into lending and other types of financial products, and the company's 5-year vision. Questions Fintechs like Block and Varo Bank secured banking charters while Chime decided not to. What are some of the upsides of acquiring a bank charter vs acting as a fintech? What are the downsides? Getting your own charter would've been a way to decouple your speed from the speed of Bancorp or Stride, but it would've put all the considerabl

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