Northwestern Mutual-backed digital bank Chime is now valued at $1.5bn following a series D round led by DST Global.
Chime, a US-based mobile bank backed by financial services firm Northwestern Mutual, has secured $200m in a series D round led by investment firm DST Global, CNBC reported yesterday.
Investment managers Coatue Management and Dragoneer Investment Group, growth equity firm General Atlantic and multi-family Iconiq Capital also contributed to the round, which closed at a $1.5bn valuation.
Founded in 2013, Chime provides financial services through a mobile app rather than traditional branches. Customers use a no-fee Visa debit card for…
