The Bancorp, Chime extend partnership

The Bancorp announced that it has entered into a long-term extension of its private label banking services agreement with Chime Financial, Inc., a consumer fintech company. This renewed relationship further strengthens The Bancorp’s position as the leader in delivering banking sponsorship services to the U.S. challenger banking sector. The renewed agreement between the two organizations ensures The Bancorp will maintain its key role as a banking partner and continue to hold Chime member deposit accounts. The partnership will enable Chime to continue to focus on designing innovative, easy-to-use, FDIC-insured banking services for everyday people. “We are thrilled to not only renew, but to also expand our partnership with Chime, as it solidifies our dedication to driving the future of fintech,” said Ryan Harris, EVP and Head of Fintech Solutions at The Bancorp. “At The Bancorp, we are committed to embracing innovation and redefining what is possible in the world of banking. Our goal is to not only meet but exceed the needs and expectations of Chime members now and into the future,” he concluded.