Chime partners with Workday to offer financial wellness benefits

SAN FRANCISCO - Chime (NASDAQ:CHYM) announced a strategic partnership with Workday (NASDAQ:WDAY) to integrate its Chime Workplace financial wellness solutions with Workday Wellness, according to a press release issued Friday. The announcement comes as Chime faces challenging market conditions, with its stock trading near its 52-week low of $26.10 and showing a 29% decline over the past six months.

The partnership will enable Workday customers to offer Chime’s financial tools to employees through their existing HR systems. Chime Workplace provides services including money management, savings, and credit building capabilities. According to InvestingPro data, Chime maintains a strong liquidity position with a current ratio of 4.83, indicating robust capability to meet short-term obligations.

"Employees today are increasingly looking to their employers for competitive financial wellness benefits," said Cristina Goldt, general manager of HCM, workforce management and payroll at Workday. "Our partnership with Chime makes it easy for Workday customers to provide their workforce with financial wellness tools directly through Workday Wellness."

The integration allows employers to access real-time data on employee financial well-being through the Chime Workplace dashboard. Employees can utilize Chime’s financial services through their employer’s benefits portal.

This partnership extends Chime’s expansion into the enterprise market that began in 2024. The company currently serves more than 8.7 million members, according to its second quarter 2025 financial results. Despite its significant user base, InvestingPro analysis suggests the company faces profitability challenges, with analysts anticipating continued losses this year. InvestingPro subscribers have access to 10+ additional exclusive insights about Chime’s financial health and market position.

Jason Lee, Chief of Chime Enterprise, stated that "organizations can deliver measurable improvements in financial health while strengthening engagement across their entire workforce" through the integration.

Both Chime Workplace and Workday Wellness were recently named 2025 Top HR Products of the Year by HR Executive and HR Tech conference.

Chime offers banking services through The Bancorp Bank, N.A. or Stride Bank, N.A., which provide FDIC insurance for member deposits up to applicable limits. The information was based on a company press release statement. Based on InvestingPro’s Fair Value analysis, Chime’s stock currently appears slightly undervalued, potentially presenting an opportunity for investors seeking exposure to the fintech sector.

In other recent news, Chime Financial has garnered significant attention from several major research firms. Evercore ISI initiated coverage with an Outperform rating and set a price target of $38.00, emphasizing Chime’s mobile-first platform and its growing member base. Barclays also initiated coverage, giving Chime an Overweight rating and a slightly higher price target of $40.00, highlighting its focus on digital banking services for low- and middle-income consumers. Wolfe Research joined the conversation with an Outperform rating, noting Chime’s innovative approach to acquiring primary accounts and its cost efficiency compared to traditional banks. William Blair echoed this sentiment, describing Chime as a key player in the shift towards consumer-friendly digital banking. Meanwhile, Goldman Sachs provided a more cautious outlook, assigning a Neutral rating with a price target of $34.00, but acknowledged Chime’s strong consumer fintech model. These developments reflect a broad interest in Chime Financial’s position and potential in the fintech landscape.

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