Sequoia Capital led a $750m Series G funding round in Chime Financial.

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.