Chime, Challenger Banks And The Challenges Of (Lofty) Valuations
PYMNTS
SEPTEMBER 18, 2020
What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? This week, Chime, focused on banking via mobile apps, held a $485 million series F funding round that valued the company at $14.5 billion, as CNBC reported. billion garnered only 18 months ago.
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