This Ivy League School Purchased Over 100k Shares of Chime

Core Insights - Brown University has made a significant investment in Chime Financial, acquiring 102,805 shares valued at approximately $2.59 million [2][6] Company Overview - Chime Financial is a leading U.S. fintech platform that provides mobile banking services, including checking, savings, early paycheck access, and overdraft protection [5] - The company generates revenue primarily through interchange fees from card transactions processed via partner FDIC-insured banks [5] - As of January 31, 2026, Chime's stock price is $25.42, with a market capitalization of $9.52 billion and a revenue of $2.07 billion [4] Financial Performance - Chime Financial reported a net income of -$984.77 million for the trailing twelve months (TTM), which is common for newly public companies [4][8] - The investment by Brown University represents 1.8% of its 13F reportable assets under management after the trade [9] Investment Context - Brown University's investment aligns with its strategy, as college students are a key demographic for Chime's services [6] - The university's investment portfolio is relatively small, with only 10 holdings, ranking 7th among Chime's holdings [7]