Chime Funding Round Values Company at $1.5 Billion

The company has raised a $200 million Series D round which was led by DST Global; new investors include Coatue, General Atlantic, Iconiq Capital and Dragoneer Investment Group; Chime is an online only bank and also offers a no-fee debit card; Chime primarily earns money from debit card transaction fees and the bank offering is through a partnership with Bancorp Bank; Chime has been able to attract around 200,000 users per month and has over 3 million bank accounts, up from 1 million last summer. Source

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