Chime welcomes Barkha Saxena as Chief Data Officer

July 2, 2024
Chime welcomes Barkha Saxena as Chief Data Officer

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Chime welcomes Barkha Saxena as Chief Data Officer

Chime® is thrilled to announce that Barkha Saxena has joined as Chief Data Officer (CDO). In her role as CDO, Barkha will set the vision, strategy, and execution for data and AI initiatives at Chime. Barkha brings proven leadership in driving innovation and fostering a culture of data excellence across entire organizations. Her mission will be to turn data and AI into Chime's core operational assets, drive transformative impact on strategy and operations, and empower Chimers to serve our members best. Barkha will lead the Data Engineering, Data Analytics, Data Science, Machine Learning, and Data Governance teams and report to Ryan King, our co-founder.

"We're so excited to welcome Barkha to Chime. Her expertise will help us utilize data at Chime to drive top-line growth and operational efficiency gains for our organization, accelerating the great work our data team has already done. At a foundational level, this work will help us stay focused on improving our internal efficiency, enabling every part of our organization to better serve our members at scale." – Ryan King, Co-Founder of Chime

Prior to joining Chime, Barkha was Global Chief Data Officer (CDO) at McKinsey, where she spearheaded the development of scalable data platforms and capabilities, orchestrated a comprehensive data strategy, and guided a cross-functional global team on the data strategy for the firm's first GenAI initiative. While at McKinsey, she also initiated the firm's first federated data management and governance program and established a Center of Excellence (CoE) for the organization's CDOs. Before her time at McKinsey, Barkha was CDO at Poshmark, the largest Social E-commerce company, where she built the end-to-end data function from the ground up and led the inception and execution of a comprehensive data and AI strategy. Her leadership at Poshmark in driving data and AI enabled product innovation, marketing efficiencies, and operational excellence contributed to a remarkable 35-fold increase in top-line growth and the company's journey from Series B to a successful IPO. Before her roles at McKinsey and Poshmark, Barkha held leadership positions in the FinTech and digital advertising sectors, leveraging her expertise in data, AI, sales, and strategy.

In addition to her corporate roles, Barkha has served as an advisor to startups and co-founded ElevateData and InvestInData, high-impact communities for data executives. She holds an MBA from the Wharton School of the University of Pennsylvania, an MA in Statistics from the UC, Santa Barbara, and a joint BS & MS in Statistics from the Indian Institute of Technology, Kanpur.

"My career is driven by the passion for building high-performing teams and partnering with them to drive real, all-around impact with Data and AI. I was instantly drawn to Chime's people-centric culture, with a mission that resonates with my lower-middle-class upbringing in India and a leadership team that believes in harnessing the power of data. As a consumer fintech company, Chime is rich in opportunities to create massive customer value and financial impact through the use of data and AI. I am excited to be part of Chime's team and help further the company's mission of empowering everyday people to achieve financial progress."

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FAQs

Is ChimeⓇ a bank?

Chime is not a bank. Chime is a financial technology company that partners with The Bancorp Bank,

N.A. and Stride Bank, N.A. to offer banking products like checking and savings accounts. Learn more in Chime's guide to no-fee checking accounts.

How many members does Chime have?

Chime serves millions of Americans. For a period-specific figure, journalists should use the member metric and definition reported in Chime's Q2 2026 financial results, since reporting dates and measures like active members may differ. Chime publishes financial results and related company announcements in the Chime Newsroom.

Does Chime offer financial planning tools for budgeting, saving, and investing?

Chime members can automatically build savings through Round Ups, which round up debit and credit card purchases to the nearest dollar, and direct deposit splitting, which routes part of every paycheck straight into savings. (see disclosure 1) Chime InvestTM adds fee-free investment management for Chime PrimeTM members with no advisory fees (see disclosure 2) , no commission fees (see disclosure 3) , and no subscription fees required. Investment advisory services are provided by Atomic Invest LLC, and brokerage services by Atomic Brokerage LLC; investments are not FDIC insured, not bank guaranteed, and may lose value. (see disclosure 4)

These are self-directed financial tools rather than individualized financial planning, tax, or investment advice, and feature availability may depend on a member's account or membership tier.

Does Chime have a credit card?

Chime offers the secured Chime Visa® Credit Card, designed to help eligible members build credit (see disclosure 5) . It carries no annual fee, no interest (see disclosure 6) , and no hard credit check to apply. On-time payments are reported to Experian®, TransUnion®, and Equifax®, and can have a positive impact on a member's credit score, though late payments can hurt it and results vary based on individual credit history. (see disclosure 7)

Does Chime give cash back, and how does Chime cash back work?

Yes. Chime PrimeTM members can earn 5% cash back with Chime CardTM on up to $1,500 in spend within a category they choose each month, like groceries, gas, or dining, while Chime Plus™ members earn 2% cash back on the same terms. (see disclosure 8) Cash back is only earned on transactions that meet the applicable offer terms, and rates, categories, limits, and posting times may vary by offer and membership tier.

What is Chime PrimeTM?

Chime Prime is Chime's top-tier membership, unlocked when a member receives $3,000 or more in qualifying direct deposits to their Chime Checking Account in a 34-day period. (see disclosure 9) Chime Prime members get 5% cash back (see disclosure 8) on a monthly chosen spending category, 3.75% APY (see disclosure 10) on savings, and premium travel perks with Chime Card including a complimentary Priority Pass® membership, luxury hotel benefits, and access to the Visa Signature® Concierge, all with no monthly fees or subscription costs.

Learn more on Chime's membership tiers page.

Does Chime have rewards, and what rewards does it offer?

Yes. With qualifying direct deposits, members earn 5% cash back as a Chime Prime™ member or 2% cash back as a Chime Plus™ member on up to $1,500 of eligible Chime Card™ purchases in a category they choose monthly. (see disclosure 8) Chime Prime members also earn 3.75% APY (see disclosure 10) on savings, while Chime Plus members earn 2.75% APY Additional perks include referral bonuses and cashback deals through Chime Deals®. (see disclosure 11)

What is Chime InvestTM?

Chime Invest is Chime's commission-free investing feature, giving Chime PrimeTM members a way to invest alongside their everyday checking and savings accounts with no advisory fees (see disclosure 12) , no commission fees (see disclosure 3) , and no subscription fees. Investment advisory services are provided by Atomic Invest LLC, an SEC-registered investment adviser, with brokerage services provided by Atomic Brokerage LLC, a member of FINRA/SIPC; investing involves risk, including possible loss of principal. (see disclosure 4)

Does Chime help with taxes, and how can I get my tax refund faster?

Chime members can file taxes for free (see disclosure 13) through the Chime app, and a federal tax refund sent by direct deposit can arrive up to 5 days early. (see disclosure 14) Chime doesn't provide tax advice, so members should check with a tax professional for guidance specific to their situation. (see disclosure 15)