Fintech company Chime raises $750m at $25bn valuation
Fintech company Chime Financial, which provides free mobile banking, has raised $750m in a new round of funding. The firm's valuation has reached $25bn, WSJ writes.
The investment was led by Sequoia Capital Global Equities, with participation from SoftBank, Tiger Global, General Atlantic and Dragoneer. The company has raised $2.3 billion in funding since then.
According to the publication, the investment will help Chime Financial conduct an initial public offering (IPO) in the first half of 2022.
In July, fintech startup Zerion raised $8.2m from Mosaic Ventures, DCG and Lightspeed.
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