Chime shares surge after deal to buy Stride for $590M
Chime agreed to buy Stride for $590 million, driving its shares up 10% before the bell. The deal is expected to put Chime on a path to a bank charter to expand lending.
Chime shares rose 10% before the bell on Wednesday after the fintech firm agreed to buy Stride for 590 million. The deal would give Chime a bank charter and allow it to expand its lending business. Over the past few years, Chime has emerged as a major challenger to traditional bank…