Chimecard has added Apple Pay, a new service to instantly pay friends and family, and picked up another $9 million in funding
Chime has raised a total of $21 million to date.
Lauren Kolodny, recently named to the Forbes 30 under 30 Venture Capital list, led the financing for Aspect Ventures and has joined Chime’s board. Crosslink Capital, Homebrew, PivotNorth Capital, Forerunner Ventures and SurveyMonkey CEO Zander Lurie also participated in the financing.
With the addition of Apple Pay, Chime members can enjoy the convenience, privacy and security of making mobile payments at retailers nationwide as well as within their favorite apps.
By adding Chime to Apple Pay on their iPhone, iPad, or Apple Watch, members can also benefit from Chime’s Automatic Savings and rewards when they make purchases with Apple Pay.
In response to demand for more mobile payment options, the company also added a new person-to-person payment feature called Pay Friends which is available to members in the latest release of the Chime website and app which is now available on the App Store and Google Play store. Pay Friends lets members instantly send money to over 120,000 other Chime members. Members can use Pay Friends to square up with roommates for their share of rent and utilities or split the bill when dining out without using multiple cards.
Chime members get a Chime Visa Debit Card, a Spending Account and an optional Savings Account, and a powerful app that keeps members in control and helps them save automatically.
The Chime banking partner is The Bancorp Bank.
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