Chime (CHYM) CEO says hundreds of thousands of members enrolling in Trump Accounts as fintech expands into investing

Chime Financial CEO Christopher Britt said hundreds of thousands of members have started setting up Trump Accounts, a government-backed custodial IRA for children, as the fintech prepares to launch investment accounts in the coming months. The accounts invest in low-cost index funds, officially debut on July 4, 2026, and eligible children born 2025-2028 receive a $1,000 seed contribution from the Treasury. Chime enabled enrollment during the tax season through its app. The news comes as Chime reported Q1 revenue increased 25% year-over-year to $647.4 million, with active members hitting a record 10.2 million. The company achieved its first quarterly GAAP net income of $53 million. Despite four consecutive beat-and-raise quarters, Chime (CHYM) shares have fallen 29% year to date, trailing the S&P 500’s 11% advance. Britt attributed the stock’s underperformance to investor concerns over a consumer slowdown, but said Chime’s data shows a healthy, resilient consumer. The fintech plans to expand into retail investing with accounts for individual stocks, ETFs, and a robo-advisor, competing against Robinhood (HOOD). A potential bank charter approval within 18 months could further boost the business.