Chime was founded in 2013 by Chris Britt and Ryan King. In January 2022, Reuters reported that the company approached Goldman Sachs for help with IPO preparations. The deal could value the company at as much as $40 billion. A spokesperson for Chime, however, told reporters that "we have not made any decisions on underwriters and have no immediate plans for an IPO."
Chime operates a fully mobile platform for banking services, providing many of the services of traditional banks without branches or physical locations. Chime has raised more than $2 billion in Venture Capital funding from investors including Access Technology Ventures, Coatue Management, Dragoneer Investment Group, DST Global, General Atlantic, ICONIQ Capital, Menlo Ventures, Access Technology Ventures, Northwestern Mutual Future Ventures, Crosslink Capital, and Forerunner Ventures. A $750 million funding round in August 2021 increased the company's valuation to $25 billion.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Chime does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Chime will be known as it becomes public. Here are similar public companies: Paypal (NAS: PYPL), Robinhood (NAS: HOOD), E-Trade (NAS: ETFC), Tradeweb (NAS: TW).
|Date||Funding Round||Funding Raised||Price per Share||IPO Valuation|
|8/13/2021||Series G||$1.1B raised||$XXX.XX||$XXX.XX|
|9/18/2020||Series F||$600MM raised||$XXX.XX||$XXX.XX|
|12/6/2019||Series E||$700MM raised||$XXX.XX||$XXX.XX|
|3/5/2019||Series D||$400.67MM raised||$XXX.XX||$XXX.XX|
|5/31/2018||Series C and C-1||$69.03MM raised||$XXX.XX||$XXX.XX|
|9/27/2017||Series B||$13.58MM raised||$XXX.XX||$XXX.XX|
|5/19/2016||Series A-2||$4.68MM raised||$XXX.XX||$XXX.XX|
|11/4/2014||Series A||$6.22MM raised||$XXX.XX||$XXX.XX|
|8/23/2013||Series Seed||$1.45MM raised||$XXX.XX||$XXX.XX|
Chime is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
If you own Chime pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
Chime is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
Chime is an app that lets people open fee-free checking and savings accounts with direct deposit and a debit card. Chime makes money by taking a portion of the transaction fee charged to merchants when people use its debit card.
Chime bank accounts are backed by either The Bancorp Bank or Stride Bank.
Chime’s founders are Chriss Britt and Ryan King.