Chime Financial, Inc. (NASDAQ:CHYM) has agreed to buy its longtime banking partner, Stride Bank, for $590 million in cash, marking a major step in its push to become a more fully integrated banking platform. The deal will give Chime direct ownership of a nationally chartered bank and bring more of its banking infrastructure under its […]

Chime Financial acquires Stride Bank for $590 million in cash to create Chime Bank, N.A., targeting over $100 million in synergies and direct

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…