Chime reportedly prepares to go public

San Francisco-based digital bank Chime is reportedly planning to go public in March of next year at a valuation between $35 and $45 billion. At this level of valuation, the start-up would be more valuable than regional banks like Fifth Third, M&T and Regions.

Founded in 2013, Chime raised $2.65 billion to date and was last valued at $25 billion in a $1.11 billion Series G venture funding round led by Sequoia Capital with participation from many prominent investors such as SoftBank Group, General Atlantic, Dragoneer Investment Group, and Tiger Global Management on September 10, 2021.