Chime, Challenger Banks And The Challenges Of (Lofty) Valuations
PYMNTS
SEPTEMBER 18, 2020
Regional players like BankUnited have even smaller market caps (at about $2 billion). Accounts are FDIC-insured through a partnership with Bancorp Bank. With the $14.5 billion valuation, Chime passes Robinhood , valued at about $11 billion, as the most highly valued (private) startup.
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