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The firm has taken advantage of the rise in digital banking during the pandemic, with its latest valuation $10bn higher than in September.
With the new funding in place, Chime is said to be investigating an IPO in the first half of next year. CEO Chris Britt has previously said the company would look into the best option to go public, including a traditional IPO, a direct listing or via the increasingly popular Spac method.
Source: Fin Extra
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