• Mobile bank Chime picks up credit score improvement service Pinch in all-stock deal

    2 monthes ago - By Tech Crunch

    Chime , the no-fees mobile bank valued at $500 million as of its last round , has put some of its funds to use with its first acquisition. The deal is for Pinch , a startup that was focused on helping millennials and other young adults build better credit. It was best known for a service called PinchRent, which allowed users to increase their credit scores over time by reporting on-time rent payments to credit bureaus.
    Millennials can sometimes struggle to improve their credit, or are uneducated about what their credit scores mean , studies have shown. And like any younger demographic...
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