Chime CEO Chris Britt said with much of the banking system being on edge, he sees a strong market need for fintechs.
Addressing the part of the population that has been disillusioned by traditional banking was part of the impetus for Britt and Ryan King to found Chime in 2010. This year marks the fourth time Chime has been featured on the CNBC Disruptor 50 list.
Britt said that although Chime has a relationship with SVB, it "hasn't seen much of a change as a result of the SVB situation" from members, as "99.9% of our consumer deposits are FDIC insured because they're well below the $250,000 threshold."
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