Chime CEO says the pandemic is driving torrid growth as traditional banking becomes a ‘relic of the past’

Chime, the start-up that delivers banking services via mobile phones, has emerged as a major winner during the pandemic and its CEO believes the change is here to stay.

“Covid and the pandemic has just accelerated the trend that was already in motion. There’s an increasing willingness to provide and manage your finances through a mobile app,” Chime CEO and co-founder Chris Britt said at the CNBC Disruptor 50 Summit on Wednesday. Chime is ranked No. 25 on the 2020 CNBC Disruptor 50 list.

Chime has more than tripled its transaction volume and revenue this year.

Read more: CNBC