Chime is pleased to announce that Madhu Muthukumar has joined the company as our first Chief Product Officer (CPO). This appointment furthers our commitment to creating the next wave of innovative products and services critical to our members’ needs and our long-term success as we continue to scale. Madhu brings over a decade of experience driving innovative product development at consumer, fintech and B2B software companies, where he harnessed the power of emerging technology to launch products and experiences that hundreds of millions of people love worldwide.
As our first CPO, Madhu will work to advance Chime’s competitive position and build upon our mission to provide everyday banking and payment services that are helpful, easy and free. Together with the product management, design and user research teams, he will build on Chime’s existing product momentum and push our company into the next chapter of our product roadmap to launch even more innovative offerings that align with members’ needs and disrupt legacy financial services for the benefit of all.
“I’m thrilled to welcome Madhu Muthukumar to our team as Chime’s first CPO. With a wide breadth of exposure to different industries and user bases, Madhu understands what it takes to build member-focused products. I’m incredibly excited to work with him to continue to address our members’ biggest pain points through innovative solutions.”
– Ryan King, Chime Co-founder
Madhu joins Chime following his role as CPO at Notion, where he oversaw product management, product design, research and product partnerships. Previously, he led product management teams at Robinhood, Oculus VR and Twitter, where he launched countless consumer products, including software for Quest, Rift, Go and GearVR, and Twitter experiences like Moments, Trends, Event Timelines and geo-tagging. Prior to that, Madhu worked in consulting and has a law degree from the University of Pennsylvania.
“I am excited to join the Chime team and build products that help everyday Americans achieve financial peace of mind – including the 70% of people in the U.S. living paycheck to paycheck. The team at Chime has led the way in imagining and building a financial future that profits with people, not from them, and I’m eager to join them in making a real, meaningful change for our members and the industry at large.”
– Madhu Muthukumar
About Chime
Chime is a financial technology company founded on the premise that basic banking services should be helpful, easy, and free. Chime aims to profit with consumers not from them and has a business model that doesn’t rely on consumer fees such as overdraft, monthly service, or minimum balance fees. For additional information: www.chime.com
Note
Chime is a consumer fintech company and not a bank so we should not be referred to as “Chime Bank”. Chime partners with The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC, that power the bank accounts used by Chime Members.
Karla Liwanag
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