Chime shares jump as Stride deal puts fintech on path to bank charter
Sept 9 : Chime shares climbed 7 per cent in morning trading on Wednesday after the fintech firm agreed to buy Stride for $590 million, gaining a bank charter that would allow it to expand its lending business.Over the past few years, Chime has emerged as a major challenger to traditional banking heavyweights,
Chime to buy nationally chartered Stride Bank for $590 million, shares jump
Sept 8 : Fintech Chime said on Tuesday it will acquire nationally chartered Stride Bank for $590 million, bringing key banking infrastructure in-house as it looks to expand its lending business.Here are some details:• Chime's shares, which are up over 28 per cent this year, jumped nearly 10 per cent
Chime to buy nationally chartered Stride Bank for $590 million, shares jump
Sept 8 : Fintech Chime said on Tuesday it will acquire nationally chartered Stride Bank for $590 million, bringing key banking infrastructure in-house as it looks to expand its lending business.Here are some details:• Chime's shares, which are up over 28 per cent this year, jumped nearly 10 per cent
Chime shares jump 10% as Stride deal puts fintech on path to bank charter
Sept 9 : Chime shares surged 10 per cent before the bell on Wednesday after the fintech firm agreed to buy Stride for $590 million, gaining a bank charter that would allow it to expand its lending business.Over the past few years, Chime has emerged as a major challenger to traditional banking heavyweights, ch
last updated on 9 Sep 15:16