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Fintech Nexus Publication (March 25, 2024): Chime planning a possible 2025 IPO


Bloomberg reported on Friday that Chime is planning a 2025 IPO, in response to “an individual accustomed to the matter.”

Chime is the biggest consumer-facing fintech within the nation and this blockbuster IPO has been anticipated ever since their huge 2021 funding spherical that valued the agency at $25 billion.

In keeping with Ron Shevlin in an article yesterday, Chime has extra main accounts than Chase, with over 38 million clients. That may be greater than the opposite prime 5 fintech corporations mixed.

Whereas Chime has not but employed funding bankers, CEO Chris Britt did say in an interview again in December that the corporate is IPO-ready.

Given the size that Chime is at right now, it’s inevitable that the corporate will go public sooner or later. However with the checkered historical past of different fintech IPOs the corporate is in no hurry to check these waters.

To be a big nationwide model, I feel it’s obligatory for fintech corporations to go public. It provides a degree of gravitas and stability that may be obtained no different manner. 

In fact, it additionally provides workers and traders a chance for liquidity.


> Chime Monetary Targets Public Itemizing in US in 2025

www.bloomberg.com 

Chime Monetary Inc., a fintech agency taking intention on the larger banks by providing fee-free providers, is planning to record the corporate within the US subsequent yr, in response to an individual accustomed to the matter.


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  • Peter RentonPeter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media firm centered on fintech. Peter has been writing about fintech since 2010 and he’s the writer and creator of the Fintech One-on-One Podcast, the primary and longest-running fintech interview sequence.



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