Fintech Fime Company for Nasdaq IPO

Chime technology companies on Tuesday that filed the public to go public on NASDAQ. The company is intent to file under the symbol of Ticker “CHYM.”

“Chime is the technology, not the bank, the company spoke of the United States bank.

The company says most of the Chime organized for the previous deposit, “mostly has a large bank.”

According to the filing of the document, Chime remedies from exchange fees associated with buying membership and credit card. The bank collects variations fees, generally percentage of transactions, plus the amount set by the card network such as visas such as Visa. Then the bank then went through the money to chime.

In March quarter, Chime creates $ 12.4 million in revenue on income 518.7 million dollars. The income increased 32%. By the end of March, Chime have 8.6 million users, about 23% years over the years. The average income to active members, for $ 251, is up from $ 231. Average member age is 36 people.

About two-thirds of the members look for the way for “their main financial relationship,” The word referring to his card or received a direct deposit in the calendar month.

Chime offers other services that are rarely beyond its card. The eligible member of the deposit can be borrowed up to $ 500 with a fixed interest rate $ 5 for every 100 borrowed dollars. The company is not charged late or interested in the compound.

Following an extended dryer, IPO seems ready for Prime Minister Trump President to the White House in January. The date of Corweave is provided some of the strong people. But the Trump’s tariff rate in April has made all the happy and leading companies of allimes, such as Klanna Stubhub to delay.

ETOR is now expired this week, and its Digital Hinge Healthy Company has exceeded its price proposal soon. Chime’s public filing is the latest symptoms that are happening at the removal of technology inspires to test the risk of market. The last month Figma said it was submitted a secret offer to provide an initial public stock offering.

Chris Britt, CEO’s coopera, tell CNBC in 2020s it will be ready for IPO within the next 12 months. But by the end of 2021, the market was turned into enthusiasm for increasing inflation, stimulating the central bank ratchet.

Chime was founded in 2012 and located in San Francisco. It ranked 22 on the list of CNBC 5024 private companies of CNBC companies.

Investors include Crossal Capital Capital, DST Global, General Atlantic, Menlo and Menlo ventures.

– CNBC Levy Levy contributed to this report.