A Milestone for Chime: a Mission-Driven Company
Proud to support Chris, Ryan, and the Chime team since 2019

Chime co-founders Chris Britt and Ryan King

A Milestone for Chime: a Mission-Driven Company

Proud to support Chris, Ryan, and the Chime team since 2019

Chime co-founders Chris Britt and Ryan King

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https://www.iconiqcapital.com/growth/insights/a-milestone-for-chime-a-mission-driven-company

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Seventy-five percent of adult Americans make under $100,000 a year, with limited savings to weather an unexpected expense or delay in income. Since its founding, Chime has sought to reimagine how banking could work—asking a simple yet powerful question: What if a financial partner could succeed when its members did, too?

Chris Britt and Ryan King launched Chime with the goal of creating a more inclusive, transparent, and member-aligned financial experience, eliminating fees, enabling faster access to paychecks, and delivering services that help everyday Americans unlock financial progress. As Chime enters the public markets, we believe it stands as a powerful example of how a mission-driven company can scale and endure.

We first met Chris and Ryan in 2017. Chris brought a deep personal understanding from his own background of the financial stress many everyday Americans face. Ryan brought the technical leadership needed to build a resilient, user-first platform. From our earliest conversations, it was clear they weren’t just building a better interface—they aimed to reshape the underlying relationship between people and their money. We first partnered with Chime in 2019, and since then, we have continued to grow our partnership as the company has evolved into a trusted financial partner for millions of everyday Americans. Chime’s products—such as early paycheck access, fee-free overdraft protection with SpotMe, automated savings tools, and Credit Builder—have given members new tools to manage their money confidently. In an industry often reliant on fees and penalties, Chime’s approach offers a real alternative grounded in member success.

Over the years, Chime has demonstrated product-market fit with 8.6 million active members, and 67% of whom rely on Chime to serve as their primary financial relationship, with high member satisfaction. It has been exciting to witness the company’s early trajectory, and in recent years, the team has balanced momentum with significant strides in product innovation, brand development, and thoughtful business management. Today, Chime is one of the top 5 banking brands—a testament to both the need for change in the sector and the team’s ability to execute with empathy, clarity, and discipline.

Our partnership with Chime has always been centered on support. Over the years, we’ve had the opportunity to help recruit leaders, provide strategic introductions, and connect the Chime team with technical experts across our community. We’re grateful to have played a role in supporting the company’s growth as it expanded its reach and deepened its impact.

We believe Chime has built a sustainable, technology-enabled model that supports long-term member relationships. From MyPay, which brings early wage access to hourly workers, to SpotMe fee-free overdrafts, each new offering reflects Chime’s core belief: when members thrive, the business thrives. To us, Chime’s journey reflects what’s possible when purpose and product are aligned.

In a sector long overdue for innovation, Chime has delivered modern, member-centric banking to millions of everyday Americans. The company’s IPO marks an important milestone—one that validates the strength of Chime’s model and mission. It reflects years of thoughtful execution, deep member trust, and operational excellence. It also affirms an essential place for financial services that put people first. 

Congratulations to Chris, Ryan, and the entire Chime team on this remarkable milestone. We’re honored to have supported you on this journey and look forward to what’s next.

The ICONIQ Venture and Growth website does not present information relating to ICONIQ, its investment funds, or its advisory business and should not be consulted for any advisory purposes. The ICONIQ Venture and Growth content is intended for the use of company founders and executives.

Notes

Disclaimer

The views expressed in this presentation are those of ICONIQ Venture & Growth ("ICONIQ" or the "firm"), are the result of proprietary research, may be subjective, and may not be relied upon in making an investment decision. 

 This presentation is for general information purposes only and does not constitute investment advice.  This presentation must not be relied upon in connection with any investment decision.  The information in this presentation is not intended to and does not constitute financial, accounting, tax, legal, investment, consulting or other professional advice or services.  Nothing in this presentation is or should be construed as an offer, invitation or solicitation to engage in any investment activity or transaction, including an offer to sell or a solicitation of an offer to buy any securities which should only be made pursuant to definitive offering documents and subscription agreements, including without limitation, any investment fund or investment product referenced herein.  

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This presentation may contain forward-looking statements based on current plans, estimates and projections.  The recipient of this presentation ("you") are cautioned that a number of important factors could cause actual results or outcomes to differ materially from those expressed in, or implied by, the forward-looking statements.  The numbers, figures and case studies included in this presentation have been included for purposes of illustration only, and no assurance can be given that the actual results of ICONIQ or any of its partners and affiliates will correspond with the results contemplated in the presentation.  No information is contained herein with respect to conflicts of interest, which may be significant.  The portfolio companies and other parties mentioned herein may reflect a selective list of the prior investments made by ICONIQ.  

Certain of the economic and market information contained herein may have been obtained from published sources and/or prepared by other parties.  While such sources are believed to be reliable, none of ICONIQ or any of its affiliates and partners, employees and representatives assume any responsibility for the accuracy of such information.  

All of the information in the presentation is presented as of the date made available to you (except as otherwise specified), and is subject to change without notice, and may not be current or may have changed (possibly materially) between the date made available to you and the date actually received or reviewed by you.  ICONIQ assumes no obligation to update or otherwise revise any information, projections, forecasts or estimates contained in the presentation, including any revisions to reflect changes in economic or market conditions or other circumstances arising after the date the items were made available to you or to reflect the occurrence of unanticipated events.  

For avoidance of doubt, ICONIQ is not acting as an adviser or fiduciary in any respect in connection with providing this presentation and no relationship shall arise between you and ICONIQ as a result of this presentation being made available to you.  

ICONIQ is a diversified financial services firm and has direct client relationships with persons that may become limited partners of ICONIQ funds.  Notwithstanding that a person may be referred to herein as a "client" of the firm, no limited partner of any fund will, in its capacity as such, be a client of ICONIQ.  There can be no assurance that the investments made by any ICONIQ fund will be profitable or will equal the performance of prior investments made by persons described in this presentation. 

Any information in this presentation is directed at, and intended for, only persons who are experienced institutional or professional investors (“professional investors”) as defined by applicable law and regulation.  Any person that is not a professional investor is not an intended recipient of this presentation and the matters discussed herein.

ICONIQ is a trading name of certain ICONIQ Partners (UK) LLP. ICONIQ Partners (UK) LLP (Registration Number: 973080) is an appointed representative of Kroll Securities Ltd. (Registration Number: 466588) which is authorised and regulated by the Financial Conduct Authority. ICONIQ Partners (UK) LLP is a limited liability partnership whose members are ICONIQ Capital (UK) Ltd, Seth Pierrepont and Lou Thorne, and it is registered in England and Wales and has its registered office at 27 Soho Square, London W1D 3QR. ICONIQ Partners (UK) LLP acts as an adviser to ICONIQ Capital LLC

Unless otherwise indicated, the views expressed in this presentation are those of ICONIQ Venture and Growth (“ICONIQ" or the “Firm"), are the result of proprietary research, may be subjective, and may not be relied upon in making an investment decision. Information used in this presentation was obtained from numerous sources. Certain of these companies are portfolio companies of ICONIQ Venture and Growth. ICONIQ Venture and Growth does not make any representations or warranties as to the accuracy of the information obtained from these sources.

This presentation is for general information purposes only and does not constitute investment advice. This presentation must not be relied upon in connection with any investment decision. The information in this presentation is not intended to and does not constitute financial, accounting, tax, legal, investment, consulting or other professional advice or services. Nothing in this presentation is or should be construed as an offer, invitation or solicitation to engage in any investment activity or transaction, including an offer to sell or a solicitation of an offer to buy any securities which should only be made pursuant to definitive offering documents and subscription agreements, including without limitation, any investment fund or investment product referenced herein.

Any reproduction or distribution of this presentation in whole or in part, or the disclosure of any of its contents, without the prior consent of ICONIQ, is strictly unauthorized.

This presentation may contain forward-looking statements based on current plans, estimates and projections. The recipient of this presentation ("you") are cautioned that a number of important factors could cause actual results or outcomes to differ materially from those expressed in, or implied by, the forward-looking statements. The numbers, figures and case studies included in this presentation have been included for purposes of illustration only, and no assurance can be given that the actual results of ICONIQ or any of its partners and affiliates will correspond with the results contemplated in the presentation. No information is contained herein with respect to conflicts of interest, which may be significant. The portfolio companies and other parties mentioned herein may reflect a selective list of the prior investments made by ICONIQ.

Certain of the economic and market information contained herein may have been obtained from published sources and/or prepared by other parties. While such sources are believed to be reliable, none of ICONIQ or any of its affiliates and partners, employees and representatives assume any responsibility for the accuracy of such information.

All of the information in the presentation is presented as of the date made available to you (except as otherwise specified), and is subject to change without notice, and may not be current or may have changed (possibly materially) between the date made available to you and the date actually received or reviewed by you. ICONIQ assumes no obligation to update or otherwise revise any information, projections, forecasts or estimates contained in the presentation, including any revisions to reflect changes in economic or market conditions or other circumstances arising after the date the items were made available to you or to reflect the occurrence of unanticipated events. Numbers or amounts herein may increase or decrease as a result of currency fluctuations.

For avoidance of doubt, ICONIQ is not acting as an adviser or fiduciary in any respect in connection with providing this presentation and no relationship shall arise between you and ICONIQ as a result of this presentation being made available to you.

ICONIQ is a diversified financial services firm and has direct client relationships with persons that may become limited partners of ICONIQ funds. Notwithstanding that a person may be referred to herein as a "client" of the firm, no limited partner of any fund will, in its capacity as such, be a client of ICONIQ. There can be no assurance that the investments made by any ICONIQ fund will be profitable or will equal the performance of prior investments made by persons described in this presentation.

Any information in this presentation is directed at, and intended for, only persons who are experienced institutional or professional investors (“professional investors”) as defined by applicable law and regulation. Any person that is not a professional investor is not an intended recipient of this presentation and the matters discussed herein.

ICONIQ is a trading name of ICONIQ Partners (UK) LLP. ICONIQ Partners (UK) LLP (Registration Number: 973080) is an appointed representative of Kroll Securities Ltd. (Registration Number: 466588) which is authorised and regulated by the Financial Conduct Authority. ICONIQ Partners (UK) LLP is a limited liability partnership whose members are ICONIQ Capital (UK) Ltd, Seth Pierrepont and Lou Thorne, and it is registered in England and Wales and has its registered office at 27 Soho Square, London W1D 3QR. ICONIQ Partners (UK) LLP acts as an adviser to ICONIQ Capital LLC