Chime CEO Chris Britt: We're a technology company focused on the needs of everyday consumers

Financial Performance - Chime's topline grew 37% in Q1 [1] - Chime's active member base grew by 23% year-over-year [2] - Chime demonstrated adjusted EBITDA of 3% [2] Business Model & Strategy - Chime operates as a technology company partnering with banks to hold deposits, ensuring money is FDIC insured [4][6] - Chime focuses on serving the needs of everyday consumers, particularly the two-thirds of Americans living paycheck to paycheck [4] - Chime differentiates itself by focusing on short-term liquidity, avoiding fees, building credit, and promoting saving habits for everyday consumers [5][9] - Chime's low-cost structure allows it to develop profitable relationships with everyday consumers without relying on billions of dollars of fees [9] Market Perspective - Traditional banks primarily focus on high net worth clients and services like rewards cards with high costs, neglecting the everyday consumer [8][9] - Chime does not view cryptocurrency as a currency for everyday consumer transactions in America in the near future [12]