Missed Circle? Don’t Miss Chime! Can it Light Up Wall Street Tonight?
$Chime Financial, Inc.(CHYM)$ is set to begin trading tonight. The company priced its IPO at $27 per share, above the expected range, valuing Chime at $11.6 billion.
🔥 Chime’s Rise: The “Pinduoduo Type + GrabPay Service” in US?
With slogans like “Banking shouldn’t punish the poor”, Chime offered no annual fees and no minimum balance penalties, processing transactions through partner banks while focusing solely on user experience.
Its viral growth came from a referral system similar to $PDD Holdings Inc(PDD)$ “invite to slash” model, and its reputation skyrocketed when it gave users early access to government stimulus payments during the pandemic.
Now, Chime has over 12 million active users, with 22% treating it as their primary bank, and customer acquisition costs have been halved.
Clean, Simple, Scalable Business Model for Company; Feasible Growth Model for Users
Revenue is primarily interchange fees. When users swipe their Chime Visa card $Visa(V)$ , merchants pay transaction fees, and Chime takes a cut.
67% of users rely on Chime as their main bank account. The company focused on daily spending, early wage access, no high-risk loan issuance.
In a country where credit history is everything, Chime offers a “credit builder” card—a secured card with low limits to help users build credit over time, opening doors for immigrants and younger generations locked out of traditional finance.
But risks remain: digital banking space is heating up. Cash App is scaling aggressively. $SoFi Technologies Inc.(SOFI)$ is slashing fees. Even Bank of America now offers early wage access. If Chime’s user experience stops standing out, customers—who face low switching costs—could easily leave.
A Booming Open Banking Market That Is Set to Nearly Triple by 2030!
Chime sits at the heart of the booming U.S. open banking market, which is worth $7.1B in 2024 and projected to surge to $31B by 2030, with a 27.9% CAGR from 2025 onward (Grand View Research).
During the pandemic, Chime’s valuation skyrocketed. Its Series G round in 2021 priced shares at $69.07, reflecting sky-high growth expectations. The current $27 is more reasonable.
Circle recently IPO’d at $31 and surged to $130 in two days, doubling at open. While Chime may not have the buzz of a “first stablecoin stock,” Circle’s momentum could spill over, and a closing price of $30–$40 tonight wouldn’t be surprising.
Missed Circle? Will you watch Chime trade tonight?
With IPOs on fire lately, are you bullish on new listings, or sticking to established names?
And what’s your take on BNPL—convenient, or just a trap for overspending?
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sounds like a stock worth monitoring. but I guess I won't be so aggressive and employ the wait and see approach [Serious] [What]
With slogans like “Banking shouldn’t punish the poor”, Chime offered no annual fees and no minimum balance penalties, processing transactions through partner banks while focusing solely on user experience.
Its viral growth came from a referral system similar to $PDD Holdings Inc(PDD)$ “invite to slash” model, and its reputation skyrocketed when it gave users early access to government stimulus payments during the pandemic.
Now, Chime has over 12 million active users, with 22% treating it as their primary bank, and customer acquisition costs have been halved.
And what’s your take on BNPL—convenient, or just a trap for overspending?
All valid comments will receive 5 Tiger Coins
The first 10 and last 10 valid comments will receive an additional 10 Tiger Coins
Should be quite unique in comparison to traditional banks. Moreover no minimum balance requirements, overdraft fees etc. Hope that it will continue to innovate its services to the consumers in US and expand its business progressively. Cheers Chime. [Smile] [Smile]
Chime priced its IPO at USD 27 per share, valuing it at USD 11.6 billion. Its stock surged as high as 59% on its debut.
Some analysts said that Chime's IPO could reignite Fintech investment following strong debut from Circle. However others caution that Chime's reliance on interchange fees and regulatory risks could pose challenges in the long run.
Whether this IPO is just a flash of excitement or the spark that reignites Fintech's growth, one thing is clear - the financial landscape is evolving and investors are paying attention.
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现在轮到Chime了，虽然它不具备“稳定币”的噱头，但在Circle带动的热潮下，资金很可能外溢。我今晚肯定会盯着盘面，看看市场是否会把Chime当成下一个金融科技爆点。假如它今天收在$30-$40之间，我一点都不会惊讶——毕竟当前市场情绪正热，再加上Chime本身有庞大的年轻用户群、简洁的银行服务模式，不缺看多的理由。
整体来看，我最近对新股的兴趣是回来了。过去一年IPO市场冷得像冰窖，但从Reddit到Astera Labs，再到Circle，现在似乎进入了一个新周期。新股火爆的背后，不只是投机情绪，也体现了市场对新技术和新商业模式的再度接纳。当然，我并不是盲目追涨的那种，会挑那些基本面稳、有长线潜力的项目布局，而不是跟风进场就等着“翻倍”出逃。
至于BNPL（先买后付），我个人是谨慎偏负面的看法。对消费者来说，它看似方便、无息，实则诱导超支消费，尤其是在年轻人中间，一张卡点几下就分期，短期压力没了，但长期债务却悄悄累积。这对信用体系不健全的人来说，不是工具，是陷阱。而对平台和投资者而言，这种模式风险也越来越大，坏账率上升和监管压力早晚要来收割。
所以，今天如果你问我选什么——我可能会错过Circle，但我不会忽略Chime。我不会盲目追新股热，但会借热潮挖机会。而BNPL？我会用，但绝不会爱上它。
今晚我會盯着Chime交易看一眼，畢竟它不是傳統意義上的“炒概念”公司，而是在美國市場實打實積累了一批忠實用戶。它的無月費Checking Account，對中低收入羣體確實是解決了痛點，用戶增長也算健康。不過，估值已經不便宜了，上市時的定價就超出預期，這讓我對它短線空間有點保留。
最近IPO確實火，Astera Labs、Reddit、Rubrik一波接一波，看得出來市場資金確實回來了，情緒也在復甦。但我是偏保守的人，寧願等這些公司跑幾季財報，再決定要不要長線持有。畢竟，熱度褪去後，能留下來的，纔是真正值得投資的。
至於BNPL（先買後付），我自己其實用過一次，但老實說，我對它的長期發展是比較警惕的。一方面，它確實提供了消費便利，尤其對年輕人吸引力不小；但另一方面，它讓消費“沒有痛感”，極容易導致超前消費、衝動購物。我身邊有朋友就是從BNPL平臺借了不少小額債，最後滾成一團麻煩。
投資角度來看，像Affirm、Afterpay這類BNPL平臺的增長性毋庸置疑，但壞賬風險和監管問題遲早會浮現。如果經濟下行、用戶違約率上升，它們的脆弱性就會暴露得很明顯。所以我會關注這個賽道，但更傾向選擇有風控能力強、與大平臺深度綁定的企業，比如跟Amazon合作的Affirm。
總結一下吧：我會看Chime，但不會衝動追；我看好一些IPO，但更信任已經跑出來的公司；至於BNPL，它是個好工具，但對消費者和投資者來說，都要看清它背後的“代價”。
67%的用戶依賴Chime作爲他們的主要銀行賬戶。該公司專注於日常支出，提前獲得工資，沒有高風險貸款發放。
在一個信用記錄就是一切的國家，Chime提供了“信用建設者”卡–低限額的擔保卡，幫助用戶隨着時間的推移建立信用，爲被傳統金融拒之門外的移民和年輕一代打開大門。
現在，Chime擁有超過1200萬活躍用戶，其中22%的用戶將其視爲主要銀行，客戶獲取成本已減半。