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

Sep 09, 2026•about 3 hours ago

Contract Type

agreement

San 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

77 MAIDEN LANE

San Francisco, California, 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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