San Francisco based challenger bank raised $750m in new funding led by Sequoia Capital.
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Chime raises $750m in new funding at $25b valuation
“Financial services is the largest industry in terms of market capitalization, and yet it is one of the last industries to be disrupted by technology companies,” he said in an interview. Among investors, “there’s an excitement and enthusiasm around technology companies, fintech companies like Chime, to design and deliver more consumer-friendly services that are actually helpful,” he said.
