Filing: neobank Chime plans to sell ~26M shares in its IPO at $24 to $26, valuing it a $10.3B to $11.1B; co-founders Chris Britt and Ryan King each own 4% to 5%
Banking app Chime plans to sell shares in an initial public offering at a price that would value it at between $10.3 billion and $11.1 billion …
Source: Chime's IPO is expected to price at ~$11B, down from its $25B private valuation in 2021; every VC-backed IPO in the past 12 months has been a down round
When banking app Chime goes public next month, it will mark the eighth straight venture capital-backed initial public offering …
Chime's S-1: MyPay revenue totaled $64.3M in Q1 vs. estimated credit losses from the product of $57.3M, highlighting the risks with the paycheck advance product
Last summer, banking app Chime introduced a lending product that let customers borrow small amounts to get them through to their next paycheck.
Sources: neobank Chime confidentially files for a US IPO, aiming to go public in 2025; Chime had a $25B valuation in August 2021
- Company was last valued at $25 billion in 2021 tech boom — Chime aims to disrupt banking with digital fee-free offering
Neobank Chime lays off 12% of its 1,300-person workforce, or ~150, citing “current market dynamics”; Chime raised $750M at a $25B valuation in August 2021
Sources: digital bank Chime raises $500M Series E at a $5.8B valuation led by DST Global, just nine months after its Series D which valued Chime at $1.5B
- Chime, valued at $1.5 billion in March, is now pegged at $5.8 billion just nine months later, according to people with knowledge of the matter.
US mobile bank Chime raises $200M Series D led by DST Global, valuing its business at $1.5B
San Francisco-based mobile banking startup Chime announced this morning it has raised an additional $200 million in Series D financing led by DST Global, valuing its business at $1.5 billion.
No-fees mobile bank Chime raises $70M Series C led by Menlo Ventures, valuing its business at ~$500M, says it adds over 100,000 new bank accounts per month
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