Fintech Business Weekly

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Fintech Business Weekly
Evolve "Stole" $1.2 Million, Fraudulently Reversed ACHs, New Suit Alleges
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Evolve "Stole" $1.2 Million, Fraudulently Reversed ACHs, New Suit Alleges

Chime Isn't A Technology Company, It's A Marketing Company

Jason Mikula's avatar
Jason Mikula
May 18, 2025
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Fintech Business Weekly
Fintech Business Weekly
Evolve "Stole" $1.2 Million, Fraudulently Reversed ACHs, New Suit Alleges
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Hey all, Jason here.

Well, I was not expecting the surprise drop of Chime’s S-1 this week — it certainly made for some healthy debate online about the company’s business model and performance, particularly the jaw-dropping amount it spends on marketing (more on this in today’s newsletter below.)

Tomorrow, I’ll be speaking on a panel at Nacha’s Payment Inn…

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