Financial technology company Chime has filed for an IPO on the Nasdaq under the ticker symbol "CHYM." The company, which is not a bank but a technology firm, reported a revenue of $518.7 million with a net income of $12.9 million in the latest quarter and has seen substantial growth in active members, now totaling 8.6 million. Chime aims to attract users seeking an alternative to traditional banks, offering features like fee-free overdrafts and high-yield savings accounts.

Chime Financial filed for its IPO, revealing plans to expand its customer base beyond low-income households to include those earning up to $200,000. The fintech aims to diversify its product offerings and leverage technology to enhance its marketing and member engagement, positioning itself as a significant competitor to traditional banks.