How Much Did Chime Raise? Headquarters, Funding & Key Investors

Chime has raised $3.15 billion across multiple funding rounds, becoming one of the most well-funded digital banking startups in the U.S. Its largest raise, a $750M Series G in August 2021, valued the company at $25 billion with participation from Sequoia Capital Global Equities, SoftBank Vision Fund 2, Tiger Global, and General Atlantic. Earlier rounds include a $700M Series E (2019) and $533.8M Series F (2020). Chime also completed secondary rounds in 2020 and 2023. These substantial investments strengthen its position ahead of a potential IPO.

How Much Did Chime Raise? Funding & Key Investors

Chime is a consumer-focused digital bank that offers fee-free mobile banking services, including debit cards, online payments, early paycheck access, and automated savings features.

The platform is designed to help users avoid traditional banking fees, improve financial habits, and build economic resilience through real-time alerts, overdraft support, and spending insights. Revenue is generated from merchant interchange rather than user fees.

What Is Chime and What Does It Do?

Chime, founded in 2012 by Chris Britt and Ryan King, is headquartered in San Francisco, United States. The company provides mobile-first banking solutions, including fee-free overdraft, early direct deposit, automatic savings, checking accounts, debit cards, and financial management tools.

Its platform aims to make banking simple and accessible, avoiding traditional bank fee structures and focusing on a consumer-first financial experience.

Chime employs between 1,001-5,000 people, strengthening its mission to offer transparent, user-friendly digital banking services nationwide.

How Much Funding Has Chime Raised?

1. Series A

Amount Raised: $8M
Date: November 2014
Lead Investors: Crosslink Capital
Motivation: To build and launch the initial mobile banking product.

2. Series A

Amount Raised: $9M
Date: May 2016
Lead Investors: Aspect Ventures
Motivation: To grow the user base and expand core features.

3. Series B

Amount Raised: $18M
Date: September 2017
Lead Investors: Cathay Innovation
Motivation: To scale platform infrastructure and customer experience.

4. Series C

Amount Raised: $70M
Date: May 2018
Lead Investors: Menlo Ventures
Motivation: To accelerate company growth and broaden product offerings.

5. Series D

Amount Raised: $200M
Date: March 2019
Lead Investors: DST Global
Motivation: To upgrade technology systems and support rapid user adoption.

6. Series E

Amount Raised: $700M
Date: December 2019
Lead Investors: DST Global
Motivation: To expand U.S. presence and prepare for future financial products.

7. Series F

Amount Raised: $533.8M
Date: September 2020
Motivation: To strengthen growth efforts during surging digital banking demand.

8. Series G

Amount Raised: $750M
Date: August 2021
Lead Investors: Sequoia Capital Global Equities
Motivation: To expand operations, product portfolio, and prepare for IPO readiness.

Total Funding Raised: $3.15 Billion

Current Valuation: $25 Billion (as of August 2021)

Latest Funding Date: August 2021

Key Investors

1. Sequoia Capital Global Equities

Details: A leading global investment firm backing transformative companies across sectors.
Investment Focus Areas: Technology, financial services, and healthcare.
Notable Investments: Apple, Google, Oracle.

2. SoftBank Vision Fund 2

Details: One of the world’s largest technology-focused funds supporting late-stage innovators.
Investment Focus Areas: AI, robotics, fintech, IoT.
Notable Investments: Uber, ByteDance, WeWork.

3. General Atlantic

Details: Global growth equity firm offering strategic capital and advisory support.
Investment Focus Areas: Consumer, technology, and financial services.
Notable Investments: Airbnb, Alibaba, Uber.

4. Tiger Global Management

Details: A major investor in global internet and software companies.
Investment Focus Areas: Internet, fintech, enterprise software.
Notable Investments: Meta, LinkedIn, Stripe, Spotify.

Where Is Chime’s Headquarters?

Chime is headquartered in San Francisco, California, placing it at the center of the fintech innovation ecosystem. Its location enables access to top engineering talent and close collaboration with leading technology partners.

What’s Next for Chime?

Chime is preparing for continued expansion, driven by rising demand for digital-first banking. The company is expected to pursue an IPO as market conditions stabilize. Product expansion into credit-building tools, automated savings, and more diversified financial services will further strengthen customer engagement. With strong backing and a $25B valuation, Chime is positioned to remain a dominant force in U.S. consumer fintech.

Get Investor & Funding Insights with TexAu

TexAu helps sales and business teams uncover detailed fundraising information on companies like Chime. Use the platform to research investors, track funding rounds, and gather actionable insights to strengthen prospecting and business strategy.

Sign Up for Free on TexAu and start uncovering detailed funding insights that give your business a competitive edge.