Darrin Peller

James Faucette

Sanjay Sakhrani

Tien-tsin Huang

Will Nance

Andrew Jeffrey

Timothy Chioda

Timothy Chiodo

- Chime, a consumer fintech company, reported its average revenue per active member (ARPAM) grew **12% year-over-year to approximately $245**, with payback on customer acquisition costs (CAC) improving to **five to six quarters**.  **[1795586_2137197_4]** **[1795586_2137197_8]** 
- The company launched the new **Chime Card** yesterday, offering **1.5% cashback** for direct deposit customers, and its MyPay earned wage access product has a **30% attach rate** and is a **$300 million revenue run rate business** with a loss rate that improved to **1.4%** last quarter.  **[1795586_2137197_6]** **[1795586_2137197_7]** 
- Chime is ahead of schedule on its **Chime Core conversion**, expected to be completed by year-end, which will result in a **60% cost saving**.  **[1795586_2137197_5]** 
- New initiatives include the **Instant Loans** product, the **Chime Enterprise** channel with partnerships like Workday, and the widespread integration of **artificial intelligence**, which now handles **72% of customer support interactions**.  **[1795586_2137197_8]** **[1795586_2137197_9]**

Chime Financial Discusses Strategic Initiatives and Product Updates at Conference

- **Chime Financial** reported strong growth in Q2, with active members increasing by **23% year over year** and average revenue per active member (RPM) up **12% year over year**, while customer acquisition costs (CAC) decreased by **over 10% year over year**.  **[1795586_tx_376105_3]** 
- The MyPay product has achieved a **$300,000,000 revenue run rate** since its launch about a year ago, with loss rates improving from over **1.6% in Q1** to **1.4% in Q2**, targeting a long-term rate of **1%**.  **[1795586_tx_376105_3]** **[1795586_tx_376105_4]** 
- The company launched the Chime Enterprise initiative, securing a partnership with **Workday** to integrate its financial wellness suite, providing exposure to **6,000 Workday customers** and **30,000,000 end consumers**.  **[1795586_tx_376105_6]** 
- Chime demonstrated significant operating leverage, improving adjusted EBITDA margins by **18 points** in Q2 over the last two years, and expects to accelerate this margin improvement in the second half of the year, with a long-term target of **35% or higher** adjusted EBITDA margin.  **[1795586_tx_376105_10]** 
- The migration to the proprietary Chime Core system is in its final stages, with the debit and savings portfolio conversion scheduled for the **back half of 2025**, which is expected to lead to additional gross margin expansion in **2026** and faster product innovation.  **[1795586_tx_376105_11]**

Chime Financial Discusses Growth, MyPay Success, Enterprise Strategy, and Margin Expansion

Chime Financial (CHYM)