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Chime raises $750 million
source link: https://fintechranking.com/2021/08/13/chime-raises-750-million/
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Chime raises $750 million
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.
Read more: CNBC
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