Who invested in Chime?
Forerunner Ventures invested in Chime in 2014. The investment was led by Kirsten Green, a partner at Forerunner Ventures. Forerunner invested at Seed.
What does Chime do?
Banking has monetized overdrafts and complexity. Chime flips banking incentives through fee-free products to unlock financial progress for millions of everyday people.
Why did Forerunner invest in Chime?
Forerunner's early thesis on Chime was straightforward: mobile would become the default channel for banking, interchange would enable a sustainable business model without charging users fees, and a mission-driven brand could win share in one of the most entrenched, low-NPS industries in America. That thesis has proven out. Today, 8.6 million active members transact an average of 54 times per month, and 67% rely on Chime as their primary financial relationship. What Chime built wasn't a digitized version of traditional banking — it was a new system, designed from the start around what consumers actually need.