Chime Financial, Inc. (CHYM) saw its stock soar 5.32% in pre-market trading on Monday, as investors continue to show enthusiasm for the recently public fintech company. The surge comes on the heels of Chime's highly anticipated IPO last week, which initially saw strong demand but experienced some volatility in its first days of trading.

Analysts attribute the stock's rise to several factors, including Chime's impressive growth metrics and recent profitability. The company reported a 32% year-over-year increase in revenue for the first quarter of 2025, along with accelerating user growth and strong engagement. Chime currently serves 8.6 million active accounts, representing just 3% of its target market of Americans earning less than $100,000 annually.

Despite trading at a premium compared to some fintech peers, investors appear optimistic about Chime's future prospects. The company's ability to turn a profit in Q1 2025, coupled with its potential to expand its product offerings and target more affluent customers, has bolstered confidence in its long-term growth potential. As Chime continues to disrupt traditional banking with its fee-free, digital-first approach, market observers will be watching closely to see if it can maintain its momentum in the competitive fintech landscape.