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Chime lands $8M and launches its debit rewards mobile app for millenials

| November 4, 2014

Rewards card Chime just took $8 million in new funding and announced the roll-out of its debit rewards card at the Money 20/20 conference today.

The company is partnered with FDIC banks to create a banking experience that allows users to automatically collect rewards, like discounts and cash back, from participating merchants. Users find offers via Chime’s location-based mobile app from sellers like Balm Cosmetics and Dunkin Donuts.

Crosslink Capital led this most recent round. Contributors include Homebrew Ventures, Forerunner Ventures, and PivotNorth Capital.  Read more >>

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