Chime, which is a financial technology startup, and one that offers banking related tech services, is now close to be up with $300 million at a $1.5 billion valuation, to two person who knew about the matter. Mobile Application Development Companies in Denver must be eying at the same kind of funding.
The San Francisco technology startup has risen in May at $500 million, and that means that the new round triples its valuation. Menlo Ventures has led the last round, and DST Global is likely to lead the one currently closing, as being said by the people. They also mentioned the amount that is being raised might change and asked not to be identified for discussing the information that seems to be private. Mobile Application Development Denver Companies make funds through such sources since many years.
Chime has declined a request for commenting.
Chime also garnered around 2 million accounts since it was being founded in the year 2013. It offers the debit cards, savings accounts as well as checking accounts to all its members, as well as it promised it’s no hidden fees. Not considering the profit from the fees, the company is going to earn revenue by taking a portion of the interchange fee, and that in the debit card being offered through the Visa Inc. Many more Mobile Application Development Companies in Denver CO will come up soon for funding after this news.
Chime is being considered as a part of the growing group of the online-only banks. Others such as Revolut and N26 has also been recently raising at a valuation much higher, with the DST leading the Revolut’s $250 million round earlier last year, and that at a $1.7 billion valuation. N26 closed the funding round a few weeks earlier, and at a valuation of $2.7 billion.