Fintech company Chime is reportedly preparing for an initial public offering (IPO) that could launch as early as Monday, marking a significant step for the digital banking platform. This move comes as the company seeks to capitalize on its growth and position in the competitive fintech landscape.

Chime's innovative business model focuses on increasing Average Revenue per Active Member (ARPAM) through strategic product offerings and customer engagement. By capturing direct deposits and building a robust referral network, Chime effectively enhances retention and monetizes its user base. Their success stems from a distribution-first approach and a commitment to deepening relationships with members.