Company Details

ChimpChange Ltd (ASX:CCA)

ASX Listed
ASX Listed
Banking, FinTech
General Investor Profiling

Company Information

  • Executive Summary

    Executive Summary

    ChimpChange Limited (ASX: CCA) is Australia’s only listed digital banking platform. The Company offers consumers secure, low-cost, feature-rich bank accounts. Based in Los Angeles, California, ChimpChange delivers a better way to bank with two key value propositions to customers.

    Firstly, it makes free retail banking available to tens of millions of Americans who typically pay monthly fees and overdraft fees to have a bank account. Secondly, the Company provides money management tools to help customers better understand how they spend their money, and save their money. The Company also offers realtime mobile cheque deposit and instant person to person payments.

    All funds on deposit are held with a federally regulated FDIC-insured bank in the USA.

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  • Company Highlights

    Company Highlights

    • Rapidly growing and large addressable market – ChimpChange operates in the retail banking sector in the US, focusing on the Millennial and broader Underbanked demographic.
    • Strong growth prospects – In the short-term, ChimpChange aims to grow its customer base, transaction volumes and build out its technology to diversify into additional business verticals (beyond a transactional bank account).
    • Product usability and interface – ChimpChange’s App has a user-friendly interface and promotes a simple user experience.
    • Scalability – ChimpChange’s banking platform and internal business operations are built to handle significant increases in Customer growth and transaction volume while maintaining a low fixed cost base.
    • Experienced team
      ChimpChange has an experienced management team and board led by founder and Managing Director Ash Shilkin. The board also includes, Peter Clare, former CEO of Westpac New Zealand and Teresa Clarke, founder and CEO of Africa.com and former Managing Director of Goldman Sachs.
  • Board & Management

    Board & Management

    Ash Shilkin

    Managing Director

    Peter Clare

    Chairman

    Teresa Clarke

    Board Member

    Ian Leijer

    Board Member

    Ben Harrison

    Board Member

    Clayton Fossett

    COO

    Nick Roberts

    CMO

    Young Lee

    CFO

    Tom Russell

    VP Product and Operations

    Muhammad Tahir

    VP Engineering

    Aryan Liaghat

    Customer Support Manager
  • Company News
  • Contact Details

    Contact Details

  • Questions

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