Chime Bank Status
The company raised $70 million of Series C venture funding in a deal led by Menlo Ventures on May 31, 2018, putting the company's pre-money valuation at $425 million. Northwestern Mutual Capital, Omidyar Network, Cathay Innovation, Forerunner Ventures, Crosslink Capital and Aspect Ventures also participated in the round. The company has raised more than $100 million in total funding to date. The funds will be used to to expand their headcount to over 100, and to scale the business with marketing and the introduction of new products and features. Previously, the company raised $18 million of Series B venture funding in a deal led by Cathay Innovation on September 27, 2017, putting the company's pre-money valuation at $72 million. Northwestern Mutual Future Ventures, Omidyar Network, Crosslink Capital, Aspect Ventures, Clocktower Technology Ventures, Forerunner Ventures and Homebrew also participated in the round.