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Chime completes acquisition of Salt Labs, launches new enterprise business unit

PUBLIC · CHYMJun 28, 2024

Acquiring Company

Chime Financial

Acquired Company

Salt Labs

San FranciscoNew YorkInformation TechnologyFinancial ServicesFinancial Services

Description

Chime has acquired Salt Labs to enhance its growth through the employer channel. Through this acquisition, Chime aims to partner with employers to expand its banking services platform, leveraging Salt Labs’ client relationships and employee rewards benefit expertise. Additionally, Chime will launch a new business enterprise called Chime Enterprise, led by Salt Labs’ founder, to further accelerate its growth through the employer channel.

Quick answer

Chime Financial is acquiring Salt Labs, announced June 28, 2024. Chime Financial is based in San Francisco, California, United States.

How much did Chime Financial pay for Salt Labs?
The deal value was not disclosed.
What does Chime Financial do?
We believe financial peace of mind should be for people of all kinds.
Where are Chime Financial and Salt Labs based?
Chime Financial is based in San Francisco, California, United States. Salt Labs is based in New York, New York, United States.
Who are the decision-makers at Chime Financial?
Fundz holds 1 contact at Chime Financial. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Chime Financial

Location

101 California Street, Suite 500

San Francisco, California, United States

About

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Frequently asked

Who acquired Salt Labs?

Salt Labs was acquired by Chime Financial, based in San Francisco. The deal was reported on June 28, 2024. We believe financial peace of mind should be for people of all kinds. We help our members get ahead by removing hidden fees and making managing money easy. Chime Financial is publicly traded (CHYM) and operates in Information Technology.

When did Chime Financial acquire Salt Labs?

Chime Financial's acquisition of Salt Labs was reported on June 28, 2024. Chime has acquired Salt Labs to enhance its growth through the employer channel. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Salt Labs do?

Salt Labs, a Chime Company, partners with best-in-class employers to help employees capture, measure, and reward themselves for their work. This drives savings and financial progress, resulting in a deeply motivated and engaged workforce. It is privately held, operating in Financial Services, and is based in New York.

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