In the Great Neo-Bank Account Accretion War, there are new performance numbers to chew on.
Today CNBC reported that Chime, a neo-bank we’ve covered before, picked up one million new accounts since June. Chime now has five million accounts, and its CEO Chris Britt indicated to the publication that when his company was smaller it took four years to collect one million subscribers—the same feat it accomplished during 2019’s Summer season.