Chime fintech raises $750 million at a $25 billion valuation

The fintech company Chime Financial, which offers free mobile banking, raised $750 million in a new round of funding. The company’s valuation reached $25 billion, according to WSJ.

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The funding round was led by Sequoia Capital Global Equities with participation from SoftBank, Tiger Global, General Atlantic and Dragoneer. Over its history the company attracted $2.3 billion in financing.

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The raised funds will help Chime Financial pursue an initial public offering (IPO) in the first half of 2022.

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Earlier in July, the fintech Zerion attracted $8.2 million from Mosaic Ventures, DCG and Lightspeed.

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