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Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks

Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks

Chime, valued at $1.5 billion in March, is now pegged at $5.8 billion just nine months later, according to people with knowledge of the matter. The leading U.S. digital bank raised a record $500 million in a Series E, showing that massive funding rounds are still available for some start-ups.
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