Chime, the highly-regarded fintech company currently valued at $25 billion, recently registered to go public through an initial public offering (IPO). On top of that, they signed a 33 million dollar sponsorship deal with the Dallas Mavericks. This announcement is indeed a game changer for Chime. Beyond moving the needle toward profitability, it’s growing its user base too—up to 8.6 million active users now.
Cynthia Marshall, member of Chime’s board, and former CEO of the Dallas Mavericks. She served as CEO of the Dallas Mavericks from 2018 through December 2024. Under her leadership, Chime became a sponsor for the now WNBA-champion team, using the partnership to improve its brand awareness. This $33 million partnership over three years gave Chime the ability to put their logo on the Mavericks’ jerseys. It also unlocked a plethora of thrilling, targeted marketing opportunities for the brand.
Chime provides a diverse line of financial products, such as consumer checking and savings accounts, debit cards, and credit builder cards. The world’s leading on-demand delivery service provider has seen incredible growth, with revenue expected to top $2 billion this year. By the end of 2023, Chime was projecting close to $1.3 billion in revenue while still losing $203 million. At the close of last quarter in 2024, it was carrying $1.67 billion in revenue with $25 million in annual losses.
Chime passed the $2 billion in annualized revenue milestone last year, generating $519 million in the first quarter of 2025. This key achievement underscores its profitable path to future greatness. The company has now pulled in a whopping $2.65 billion since going private. In its most recent funding round in 2021, it reached a valuation of $25 billion. Most impressively, Chime has been named by Kirsten Green’s Forerunner Ventures and Hunter Walk’s Homebrew as two of the VCs’ respective portfolios.
Chime’s IPO plans according to their recent IPO filing medium and growth focused sponsorship agreement with the Mavericks Chime is now known for smart growth. These efforts increase national brand awareness in a very crowded market. We know that the fintech landscape is changing quickly. We hope Chime’s initiatives foster an environment where success and innovation are more likely to occur across the entire industry.