“Chime, the largest of a new breed of branchless U.S. banks, raised $500 million in a series E round it closed recently valuing the company at $5.8 billion, according to people with knowledge of the situation. That is a remarkable increase from its last round nine months ago, when it raised $200 million at a…
Tag: Chime
Non intuitive use case for Banking as a Service: Autonomous Finance
“While companies like Qapital, Chime, and Digit have some form of autonomous banking in the form of autonomous saving, some companies want to take it even further. Envel, a not-yet-launched app running on Cambr, promises to provide what they call “Driverless Banking”, an AI powered banking framework to completely automate their customers’ financial lives.” https://tearsheet.co/banking-as-a-service/non-intuitive-use-case-for-banking-as-a-service-autonomous-finance/…