Announced
Completed
Financials
Sources
Tags
Private Equity
Venture Capital
FinTech
Domestic
mobile banking services
Completed
financial technology
Private
Minority
Acquisition
United States
Friendly
fintech
Synopsis
Sequoia Capital led a $750m Series G funding round in Chime Financial, a financial technology company which provides fee-free mobile banking services, valuing the firm at $25bn. The round was joined by SoftBank Vision Fund 2, General Atlantic, Tiger Global Management and Dragoneer Investment Group. The funding round positions Chime for a potential IPO in the first half of 2022. Additionally, the funds will be used to scale its operations and launch new products and services.
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