DEPLOYMENT · US
Chime acquires nationally chartered Stride Bank for $590 million
Fintech Chime bought Stride Bank, a nationally chartered bank, for $590M. Stride holds a full OCC charter and deposits. Move gives Chime direct control over deposits and lending, reducing reliance on partner banks.
WHY IT MATTERS
Fintech-to-bank consolidation accelerates. Direct charter ownership lets Chime deploy AI lending/fraud models on its own balance sheet and customer data without third-party latency or negotiation. Signals industry shift from CBNW partnerships to vertical integration.
Source: Reuters · 2026-09-08