Finance Breaking news Chime hits $14.5bn valuation last financial news

Breaking-Finance.Com - Chime has raised $485 million in a Series F funding round that values the American digital banking outfit at $14.5 billion, according to CNBC.

Finance Breaking news Chime hits $14.5bn valuation last financial news

Breaking-Finance.Com - Chime has raised $485 million in a Series F funding round that values the American digital banking outfit at $14.5 billion, according to CNBC.

Finance Breaking news Chime hits $14.5bn valuation last financial news
18 September 2020 - 17:45

Breaking-Finance.Com - Chime has raised $485 million in a Series F funding round that values the American digital banking outfit at $14.5 billion, according to CNBC. The round, which sees Chime's valuation more than double since its last funding round in December, comes as the firm benefits from American's migration to digital banking, which has accelerated during the Covid-19 pandemic. CEO Chris Britt tells CNBC that Chime is adding hundreds of thousands of accounts a month, is now profitable on an EBITDA basis, and will be "IPO ready" within a year.

. The firm has seen huge growth during the pandemic. Says Britt: "Nobody wants to go into bank branches, nobody wants to touch cash anymore, and people are increasingly comfortable living their lives through their phones." The round was joined by Coatue, Iconiq, Tiger Global, Whale Rock Capital, General Atlantic, Access Technology Ventures, Dragoneer and DST Global.

Source = Breaking-Finance.Com

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Finance Breaking news Chime hits $14.5bn valuation last financial news


Finance Breaking news Chime hits $14.5bn valuation last financial news


Finance Breaking news Chime hits $14.5bn valuation last financial news


Finance Breaking news Chime hits $14.5bn valuation last financial news

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