Is Chime Financial (CHYM) a Millionaire Maker Stock?

In 2023 and 2024, Chime added new active members, increased total purchase volume, and grew average revenue per active member (ARPAM). That's why its stock initially soared.Yet Chime isn't a bank. Its two FDIC-insured banking partners -- The Bancorp (NASDAQ: TBBK) Bank and Stride Bank -- actually hold and manage all of those accounts. Chime generates most of its revenue by taking a cut of the "swipe fees" that Visa charges merchants to process debit and credit card transactions. A smaller percentage of its ...