#DigitalBanking / US neobank Chime set to more than double in value to $15bn

It last raised $500 million in December 2019 in a round led by Revolut-backer DST Global. The start-up has also bagged funding from major investment firms, including Dragoneer, Menlo Ventures, and Cathay Innovation.

A Chime spokesperson told Business Insider in April that it experienced its highest number of account openings since its creation in 2013… Its more than eight million users means Chime holds at least a 2.4% share of the US banking market.

In June, the fintech also entered the credit card market. Its “Credit Builder” product helps users build credit history through everyday transactions.

In the fall of 2018, Chime acquired Pinch, a credit score improvement service.

https://www.fintechfutures.com/2020/09/us-neobank-chime-set-to-more-than-double-in-value-to-15bn/