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Chime to Acquire Stride Bank for $590 Million to Enhance Banking Services.

PUBLIC · CHYMSep 09, 2026•about 2 hours ago

Acquiring Company

Chime Financial

Acquired Company

Chime Financial

The United StatesSan FranciscoInformation TechnologyFinancial ServicesVenture Capital Fund

Description

Chime has signed a definitive agreement to acquire its long-time partner, Stride Bank, for $590 million in cash. This acquisition aims to strengthen Chime's banking infrastructure and enhance its offerings to mainstream America. Upon closing, Stride will be rebranded as Chime Bank, N.A.

Company Information

Company

Chime Financial

Location

The United States, Washington, United States

About

Chime Financial said on Friday it had raised $750 million in its latest funding round led by Sequoia Capital Global Equities, valuing the financial services startup at $25 billion.

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Strategic

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Chime Financial?

Chime Financial was acquired by Chime Financial, based in The United States. The deal was reported on September 9, 2026. Chime Financial said on Friday it had raised $750 million in its latest funding round led by Sequoia Capital Global Equities, valuing the financial services startup at $25 billion. Chime Financial is publicly traded (CHYM).

When did Chime Financial acquire Chime Financial?

Chime Financial's acquisition of Chime Financial was reported on September 9, 2026. Chime has signed a definitive agreement to acquire its long-time partner, Stride Bank, for $590 million in cash. This acquisition aims to strengthen Chime's banking infrastructure and enhance its offerings to mainstream America. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Chime Financial do?

Chime Financial said on Friday it had raised $750 million in its latest funding round led by Sequoia Capital Global Equities, valuing the financial services startup at $25 billion. It is publicly traded (CHYM), operating in Information Technology, and is based in San Francisco.

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