Northwestern Mutual Future Ventures backed a $70m series C round for Chime, having previously supported an $18m series B nine months ago.
US-based mobile banking platform Chime has raised $70m in a series C round that featured financial services firm Northwestern Mutual’s corporate venturing division Northwestern Mutual Future Ventures, according to TechCrunch.
Venture capital firm Menlo Ventures led the C round, which also included Forerunner Ventures, Aspect Ventures, Cathay Innovation, Crosslink Capital and Omidyar Network. The company has now achieved a valuation of $500m.
Founded in 2013, Chime offers consumers fee-free banking through a mobile app and a Visa debit card. It…
