Fintech Firm Chime Valued at $25 Bln After $750 Mln Funding

Reuters

“Chime Financial said on Friday it had raised $750 million in its latest funding round led by Sequoia Capital Global Equities, valuing the financial services startup at $25 billion. Chime’s latest fundraise is likely to be a precursor to its stock market listing in the United States early next year. The company had held preliminary talks with investment banks for a stock market floatation that could value it at more than $30 billion, Reuters reported in March, citing people familiar with the matter.”