Chris Britt: The Billionaire Behind the Revolutionary Banking App

Overview

Chris Britt is an American billionaire and entrepreneur who co-founded Chime, a mobile banking app. Chime has become one of the fastest-growing fintech startups in the United States, valued at $14.5 billion as of 2021. Britt’s vision for Chime was to provide financial services to people who are underserved by traditional banks, and his app has since attracted over 12 million users. Britt’s innovative approach to banking has earned him numerous accolades and cemented his status as one of the most successful entrepreneurs in the fintech industry.

Early Life and Education

Chris Britt was born in Springfield, Missouri in 1976. He grew up in a middle-class family and attended Kickapoo High School. Britt earned a scholarship to study at Stanford University, where he received a Bachelor of Arts degree in Economics. After graduating, he worked as a consultant for Deloitte Consulting and then for Visa.

Career and Achievements

Britt’s experience working for Visa made him realize the many inefficiencies and inequities in the traditional banking system. He saw how millions of Americans were either underbanked or entirely excluded from the financial system. Britt wanted to create a solution that would provide these people with access to financial services and help them manage their money more effectively.

In 2013, Britt founded Chime with his co-founder Ryan King. Chime’s mission was to provide a mobile banking app that would give users access to low-cost services and eliminate the fees that traditional banks often charge. Chime quickly gained traction, and as of June 2021, it had over 12 million accounts. The startup has raised over $2 billion in funding and is valued at $14.5 billion. Britt’s innovative approach to banking has been widely recognized, and he has been named one of the “Most Creative People in Business” by Fast Company.

Personal Life

Britt is a married father of three children. He currently resides in San Francisco, California.

Profile