Chime raised $485 million in a Series F funding round, achieving a valuation of $14.5 billion, as it prepares to become IPO-ready within the next year.
Chime raised $485 million in a Series F funding round, achieving a valuation of $14.5 billion, as it prepares to become IPO-ready within the next year.
08/19/24, 1:26 PM
Location
san franciscoMoney raised
$485 million
Industry
financial services
Round Type
series f
Chime raised $485 million in a Series F funding round, bringing its valuation to $14.5 billion. The funding round reflects the company's success in adapting to the shift toward digital banking accelerated by the Covid-19 pandemic.
Company Info
Location
san francisco, california, united states
Additional Info
Chime is a financial technology company, not a bank, founded on the premise that basic banking services should be helpful, transparent, and fair. Chime aims to profit with consumers, and not from them and has a business model that doesn’t rely on consumer fees such as overdraft, monthly service, or minimum balance fees.