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Chime outgrew bank partner model, CEO says
Chime, a fintech company, announced its acquisition of Stride Bank to replace its third-party bank partnership model, citing speed of product development as the primary driver.
Sep 11, 2026
Chime acquires banking partner
Chime, a US fintech firm, acquired Stride Bank—the federally insured institution that powered its banking services—for $590 million in cash, consolidating control over its core banking infrastructure.
Sep 9, 2026
Chime agrees to acquire longtime banking partner Stride Bank for $590M; Stride will become Chime Bank, a wholly owned subsidiary; CHYM jumps 8.5%+ after hours (Paige Smith/Bloomberg)
Chime Financial Inc. acquired Stride Bank, its longtime banking partner, for $590 million in cash to consolidate operations and establish Chime Bank as a wholly owned subsidiary.
Sep 9, 2026
Chime to buy nationally chartered Stride Bank for $590 million, shares jump - Reuters
Chime, a fintech neobank without a banking charter, is acquiring Stride Bank—a federally chartered bank—for $590 million to gain direct regulatory authority and control over its core banking infrastructure.
Sep 9, 2026
Chime to buy Stride Bank for $590M
Chime is acquiring Stride Bank for $590M to achieve full-stack banking control without the uncertainty and timeline risk of obtaining its own federal charter.
Sep 10, 2026