Chime earns big valuation jump in latest financing, nears IPO


Chime CEO Chris Britt

Source: Chime

Chime said Friday it raised $750 million in a Series G funding round that values the fintech company at $25 billion. That’s $10 billion higher than its last reported valuation of $15 billion from October 2020, according to PitchBook data.

Chime — a so-called challenger bank known for fee-free banking, early paydays for those who use direct deposit and a feature that lets users go negative in their accounts without overdraft fees — said it intends to invest the new capital in scaling operations, as well as launching new products and services.

It, along with Square‘s Cash App and a few other players, have become viral hits for their ease of use —…


0 0 votes
Article Rating

Boeing further delays Starliner OFT-2 crew spacecraft test flight

Previous article

Supply delays, surging shipping costs hit Cort furniture leasing company

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Investing