San Francisco based challenger bank raised $485m in Series F funding, more than doubling its valuation from December and is worth almost 900% more than just 18 months ago, when it hit a $1.5b valuation.
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Chime is now worth $14.5b, surging past Robinhood as the most valuable US consumer fintech
“Nobody wants to go into bank branches, nobody wants to touch cash anymore, and people are increasingly comfortable living their lives through their phones,” Britt said. “We have a website, but people don’t really use it. We’re a mobile app, and that’s how we deliver our services.”
