Chime raises $485mn in series F funding round

By Evelyn Howat
US neobank Chime has raised $485mn in its recent series F funding round, making it the most valuable American fintech start-up serving retail consumers...

San Francisco based Chime is a mobile bank that offers a user-friendly banking experience through its app and accompanying debit card with no fees. According to a report by CNBC, the company has raised $485mn in series F funding, crowning it the most valuable US-based consumer fintech with its new $14.5bn valuation.

In December 2019, the digital bank was valued at $1.5bn, meaning it is now worth almost 900% more than it was 18 months ago. Like many tech-centric companies and challenger banks, Chime has seen a surge in revenue during the COVID-19 pandemic. In fact, Chief Executive Officer, Chris Britt told CNBC that the company experienced a tripled transaction volume and revenue this year.

undefined

Share

Featured Articles

Top 100 Women 2024: Wendy Stewart, Bank of America – No. 1

FinTech Magazine’s Top 100 Women in FinTech honours Bank of America’s Wendy Stewart at Number 1 for 2024

Want to Become a Sponsor of FinTech LIVE in 2024?

Put your brand in front of thousands of attendees at FinTech LIVE in 2024 by becoming a sponsor of one of our events

KPMG Launches New Fintech Platform – KPMG Digital Finance

KPMG has launched its KPMG Digital Finance fintech platform and managed services solution, powered by Aptitude Software and Microsoft Azure & Dynamics

Global Payments: Embedded Finance Reshapes Consumer Journeys

Financial Services (FinServ)

Worldpay Report: Consumers Driving Golden Era of Payments

Digital Payments

Africa Fintech: Standard Bank launches Growth Plan for Float

Digital Payments