Chime Acquires Enterprise Employee Rewards Company Salt Labs
Summary
SAN FRANCISCO--(BUSINESS WIRE)--Chime®, the #1 Most Loved Banking App1, today announced that it has acquired Salt Labs, an enterprise technology company focused on helping hourly workers own the long-term value of their work. Chime will gain immediate access to Salt Labs’ enterprise client relationships, opening opportunities for new primary account growth and revenue streams. Chime’s acquisition of Salt Labs builds on its overarching mission of empowering everyday people to unlock financial progress with the addition of world-class enterprise capabilities and sector knowledge. Since launch, Salt Labs has partnered with a diverse set of enterprise clients across industries such as transportation, call centers, hospitality, and parking services. Its flagship product, Salt, is an Enterprise Employee Rewards and incentive platform for everyday workers that drives savings and financial progress, resulting in a deeply motivated and engaged workforce.