US fintech Chime reportedly submits confidential filing for potential 2025 IPO
Bloomberg reports that Chime is targeting 2025 for its public debut, citing sources familiar with the matter.
Bloomberg reports that Chime is targeting 2025 for its public debut, citing sources familiar with the matter.
Salt Labs’ CEO Jason Lee will take charge of the neobank’s new Chime Enterprise division.
Chime is to also pay “at least $1.3 million in redress to harmed consumers”.
Chang brings 15 years of financial services, fintech and consumer protection experience to her new role.
The three firms join an ever-increasing list of fintechs hit by the current economic volatility and uncertainty.
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The San Francisco-based firm has now raised over $2 billion in total funding.
“We are currently experiencing intermittent outages,” Chime said.
The new valuation would pit Chime ahead of Brazilian neobank Nubank.
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The challenger is now valued at $1.5 billion.
It also reached over one million bank accounts this month.
Digital banking technology company Q2 Holdings Inc. took the Finovate stage to demo its CardSwap technology.