Chime is targeting March of 2022 for the IPO. The company’s revenue will likely reach $900M to $B this year. At a valuation of $35B-plus, Chime would be more valuable than regional banks like Fifth Third, M&T and Regions, each of which has hundreds of branches.
Chime said Friday it raised $750M in a Series G funding round that values the fintech company at $25B. That’s $10B higher than its last reported valuation of $15B from October 2020, according to PitchBook data.
Fintech firm Chime has secured $750M at $25B valuation from SoftBank, Sequoia Capital Global Equities, others