Core Insights - Napean Trading & Investment sold 449,981 shares of Chime Financial for approximately $9.56 million, reducing its stake significantly from 1.8% to 0.06% of assets under management [2][6][9] Company Overview - Chime Financial operates as a leading U.S. fintech platform with a market capitalization of $7.38 billion and a revenue of $2.07 billion for the trailing twelve months [4][6] - The company reported a net income loss of $984.77 million for the trailing twelve months [4] Financial Performance - As of February 13, 2026, Chime's shares were priced at $19.69, down approximately 27% from the $27 IPO price in June [6][11] - The company experienced a 29% year-over-year revenue increase to $543.5 million in the third quarter, with active members rising 21% to 9.1 million [10] - Purchase volume increased by 15% to $32.3 billion, and adjusted EBITDA turned positive at $28.8 million, although the net loss for the quarter was $54.7 million [10] Business Model - Chime offers mobile-first, fee-free banking services targeting consumers earning under $100,000 annually, focusing on underserved retail banking customers [7][8] - Revenue is primarily generated through interchange fees from debit card transactions, leveraging partnerships with FDIC-insured banks [7] Strategic Positioning - The reduction in Chime's stake by Napean Trading indicates a shift in focus towards higher concentration investments like Robinhood and Navan, suggesting a more selective approach to fintech exposure [9]