Chime Acquires Enterprise Employee Rewards Company Salt Labs
2024年6月27日 - 5:33AM
ビジネスワイヤ(英語)
Chime Launches ‘Chime Enterprise’ to Partner
with Employers Creating New Channel to Grow Member Base and
Accelerate Growth
Chime®, the #1 Most Loved Banking App1, today announced that it
has acquired Salt Labs, an enterprise technology company focused on
helping hourly workers own the long-term value of their work. As
part of the acquisition, the Salt Labs team, led by Jason Lee, and
the Company’s offerings will become a part of Chime. Chime will
gain immediate access to Salt Labs’ enterprise client
relationships, opening opportunities for new primary account growth
and revenue streams. Transaction details were not disclosed.
Chime’s acquisition of Salt Labs builds on its overarching
mission of empowering everyday people to unlock financial progress
with the addition of world-class enterprise capabilities and sector
knowledge. Founded in 2022, Salt Labs’ flagship product, Salt, is
an employee rewards benefit that acts like a savings account for
everyday Americans. Since launch, Salt Labs has partnered with a
diverse set of enterprise clients across industries such as
transportation, call centers, hospitality, and parking
services.
“This is a one-of-a-kind opportunity for Chime to acquire an
innovative employee rewards company that has key employer
relationships, and a founding team that has created some of the
most disruptive technology in the enterprise earned wage access
space,” said Chime COO, Mark Troughton. “Through this acquisition,
we will aim to partner directly with employers to reach millions of
consumers and introduce them to the Chime platform. We look forward
to leveraging Salt Labs’ existing relationships with employers and
building upon the Chime MyPay™ earned wage access platform to
further address the needs of everyday people.”
Aligned with the acquisition, Chime will launch a new business
unit called Chime Enterprise, led by Jason Lee, that will be
focused on accelerating Chime’s growth through the employer
channel, beyond Salt Labs’ flagship products.
“We’ve always believed that financial progress begins with
employment and should be centered around the primary financial
account,” said Jason Lee, Founder and CEO of Salt Labs and Founder
of DailyPay. “We are thrilled to be part of this next stage of
growth at Chime and to build Chime Enterprise alongside the
incredible team at Chime."
About Chime
Chime is a financial technology company, not a bank, founded on
the premise that basic banking services should be helpful,
transparent, and fair. Chime aims to profit with consumers, and not
from them and has a business model that doesn’t rely on consumer
fees such as overdraft, monthly service, or minimum balance fees.
For additional information: www.chime.com.
Banking services and MyPay provided by The Bancorp Bank, N.A. or
Stride Bank, N.A, members FDIC. Please see the back of your Card
for its issuing bank.
About Salt Labs
Salt Labs is an enterprise employee rewards company. Its
flagship product, Salt, is an Enterprise Employee Rewards and
incentive platform for everyday workers that drives savings and
financial progress, resulting in a deeply motivated and engaged
workforce. For enterprise partnership opportunities, please visit
www.saltlabs.com or email partnership@saltlabs.com.
1Chime is recommended by more of its users than that of any
brand per 2023 Qualtrics® NPS score.
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version on businesswire.com: https://www.businesswire.com/news/home/20240626447411/en/
press@chime.com