Chime is a popular bank among millennials, and it doesn't even have a physical location. Chime is a bank account and debit card for the digital age and the digital-first consumer and saver.
Chris Britt is the CEO and Co-founder of Chime. Britt joins Cheddar to explain how the digital bank is growing. In the Fall of 2017, Chime closed a Series B round to the tune of $18 million. Chime has been using those funds to grow their reach and market.
Britt expects that Chime will reach 1 million bank accounts this quarter. For now, Chime has no plans to build any physical locations at this point.
U.S. officials have approved the first over-the-counter birth control pill, which will let American women and girls buy contraceptive medication from the same aisle as aspirin and eyedrops.
Bob Iger will remain as CEO of The Walt Disney Co. through the end of 2026, agreeing to a two-year contract extension that will give the entertainment and theme park company some breathing room to find his successor.
Farmers Insurance became the latest property insurance company to pull out of Florida on Tuesday despite repeated efforts by Republican Gov. Ron DeSantis and the Legislature have made to try to calm the volatile market that is making homeownership less affordable.
