|Investor||Sequoia Capital Global Equities, SoftBank Group Corp|
Neobank Sequoia 25B H1StreetJournal
NeoBank Chime Inc. raised $750 led by Sequoia Capital & SoftBank Group in the new financing round. Chime saw an amazing growth YoY from $1.5B to $14.5B to $25B in minimal time. CEO Chris Britt said that Sequoia joins the ex-investor on board.
Also, read Staffbase Raises $115M at $1.1B Valuation
San Francisco NeoBank Chime doesn’t charge customers and is known for its easy app among smartphone users. Also, Chime provides an overdraw facility of $200 to eligible customers with a personalized Chime Card.
Moreover, after the launch of the IPO, we will see a 2X growth in revenue with more market cover and client acquisition. Department of Financial Protection and Innovation of California summon Chime for bank word in advertising as they don’t have a banking licence but we win the case and get more famous among banks.