Fintech company Chime acquired Salt Labs, an enterprise technology company focused on helping hourly workers own the long-term value of their work.
Transaction details were not disclosed.
As part of the acquisition, the Salt Labs team, led by Jason Lee, and the Company’s offerings will become a part of Chime. Chime will gain access to Salt Labs’ enterprise client relationships, opening opportunities for new primary account growth and revenue streams.
Founded in 2022, Salt Labs provides Salt, an employee rewards benefit that acts like a savings account for everyday Americans. Since launch, the company has partnered with a diverse set of enterprise clients across industries such as transportation, call centers, hospitality, and parking services.
Aligned with the acquisition, Chime will launch a new business unit called Chime Enterprise, led by Jason Lee, that will be focused on accelerating Chime’s growth through the employer channel, beyond Salt Labs’ flagship products.
FinSMEs
28/06/2024