FinTech news in Chime category

In the memo, Britt said that he and co-founder Ryan King are re-calibrating marketing spend, decreasing the number of contractors, adjusting workspace needs and renegotiating vendor contractors. The company memo, along with the fact that Chime has paused its public debut plans, suggests that growth trends may have changed. Chime was notoriously one of the first neobanks to hit EBITDA profitability, a milestone it shared when it hit $14.5 billion two years ago. Digital bank Chime confirmed today that it is laying off 12% of its workforce, or about 160 people.

The $1.5 billion venture capital firm is entering the crypto market with a new $110 million fund dedicated to the sector that it will operate jointly with Ledger, a French startup focused on digital asset security, said Cathay co-founder Dennis Barrier.

Now, Cogni has raised a $23 million funding round led by Hanwha Asset Management and CaplinFO with a new mandate — bringing web2 and web3 services together on one platform, Ravishankar said.

Toronto-based Sleek, which was part of Y Combinator summer 2021 batch, is developing a browser extension enabling one-click checkout and cash-back savings.