Aug 7 (Reuters) - Chime beat Wall Street

estimates for second-quarter revenue on Thursday, driven by

strong demand for its digital banking and financial services, in

its first results following a blockbuster U.S. listing.

Younger customers in the U.S., disillusioned with fees and

limited flexibility at large banks, have increasingly turned to

digital-first startups that offer low-cost banking, early direct

deposits and higher-yield savings accounts.

Chime's revenue rose 37% to $528 million in the three months

ended June 30. Analysts on average had expected $495.2 million,

according to estimates compiled by LSEG.

The company went public in June in a blockbuster U.S.

initial public offering that raised hopes of a lasting rebound

in investor demand for high-growth tech listings. The stock is

up 25% from its IPO price.

"This was a breakout first quarter as a public company for

Chime, driven by accelerating year-over-year growth, expanding

margins, and continued product execution," Co-founder and CEO

Chris Britt said.

Average revenue per active member grew 12% to $245 in the

quarter, the company said.

Chime offers a suite of no-fee financial products through

its bank partners, including a secured credit card to help users

build credit, short-term liquidity tools like early pay access

and small-dollar loans, and a deposit sweep program that

distributes funds across regional banks.

The company says its payments-based banking model is better

suited to serve everyday Americans, who often have limited

credit histories and rely more heavily on debit transactions

than traditional lending products.

Purchase volume - the total dollar value of transactions

using Chime-branded debit or credit cards - rose 18% in the

quarter to $32.4 billion.

The rise in volume underscores resilience in consumer

spending, with users continuing to rely on debit cards for

everyday expenses such as groceries, gas and bills - a trend

that has held firm despite broader economic uncertainty.

Gross profit came in at $461 million in the quarter versus

$333.7 million, a year earlier.

(Reporting by Manya Saini in Bengaluru; Editing by Sriraj

Kalluvila)