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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

SEPTEMBER 18, 2020

This week, Chime, focused on banking via mobile apps, held a $485 million series F funding round that valued the company at $14.5 Accounts are FDIC-insured through a partnership with Bancorp Bank. The partnership model is an increasingly popular setup for financial technology startups that don’t have their own bank charters.

Los Angeles 231
Los Angeles UX Cards FDIC 231
article thumbnail

Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

SEPTEMBER 18, 2020

This week, Chime, focused on banking via mobile apps, held a $485 million series F funding round that valued the company at $14.5 Accounts are FDIC-insured through a partnership with Bancorp Bank. The partnership model is an increasingly popular setup for financial technology startups that don’t have their own bank charters.

Los Angeles 140
Los Angeles UX Cards FDIC 140
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