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Chime laid off 160 positions, equalling 12% of its workforce, in November 2022. [26] As of May 2024, the company, which operates under a hybrid work model, reported having 1,300 employees and 7 million customers. [15] At the time, it was processing $8 billion worth of transactions monthly. Chime's revenue in 2023 was approximately $1.3 billion.
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Chime was founded as a private company in 1989 [2] following a management buyout from Lowe Howard Spink and Bell to form Lowe Bell Communications and subsequently floated in 1994 as Chime Communications plc before going private again in late 2015. Chime comprises five divisions, 54 companies and over 2,000 people. [3]
Chime, in 2021, also saw its fortune flourish when it was valued at $25 billion. (The terms of the $173 million deal for Salt imply a $16 billion valuation for Chime.)
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Talk to a real person from either company via chat in its app, email or on the phone seven days a week. Reach Chime customer service 24/7 via chat in the app, email at support@chime.com or by ...