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 ...