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Stock impact report

Better Fintech Stock: Chime Financial vs. Upstart [Yahoo! Finance]

Chime Financial, Inc. - Class A (CHYM) 
Company Research Source: Yahoo! Finance
Both stocks are promising fintech plays, but one faces fewer near-term headwinds. 10 stocks we like better than Chime Financial › Chime (NASDAQ: CHYM) and Upstart (NASDAQ: UPST) are both high-growth fintech companies that serve lower-income customers. Chime offers fee-free digital banking services to customers who might struggle to open accounts at traditional banks, while Upstart uses its AI algorithms to approve loans for borrowers with limited credit histories. Chime went public at $27 this June, but it now trades at about $24. Upstart went public at $20 in December 2020, and it now trades at around $47. Let's see why Upstart soared and Chime slumped, and if the former will continue to outperform the latter over the next few years. Chime's online platform provides fee-free checking and savings accounts with overdraft protection, early pay tools, and other financial services. It also issues a Visa (NYSE: V) debit card (with fee-free access to more than 50,000 ATMs) and an e Show less Read more
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