Chime's Nasdaq Debut Reignites FinTech IPO Momentum With 37% Stock Surge

Low-Cost Banking for Younger Demographics: Chime focuses on providing free or low-cost financial services, including checking accounts, debit/credit cards, and fee-free ATMs, primarily to users making less than $100,000, with an average member age of 36 and 8.6 million active members.Shifting FinTech Sentiment: Chime's successful IPO, alongside others like Circle's triple-digit gains, indicates renewed Wall Street enthusiasm for FinTechs, contrasting with a multiyear low in venture capital funding for the s ...